Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vinayagar Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged in the subsequent 2017 revision, where it was also Rs 400 per sq.ft. However, the 2017 revision marked a significant increase of 49% from the previous figure of Rs 268 per sq.ft in 2017. The 2023 revision also maintained the guideline value at Rs 400 per sq.ft, showing no change from the previous year. The 2024 revision continues this trend, keeping the guideline value at Rs 400 per sq.ft, resulting in a 0% change from the 2023 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Vinayagar Koil Street. Overall, from 2012 to 2024, the guideline value has shown a net change of 0%.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with the median value being Rs 400 per sq.ft. Vinayagar Koil Street's 2024 guideline value aligns with this median.

• Venga Nagar: Rs 250 per sq.ft (2024)
• Thiruvalluvar Street: Rs 400 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 500 per sq.ft (2024)
• Subrabath Nagar: Rs 400 per sq.ft (2024)
• Star Avenue: Rs 600 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagar Koil Street?

The Sub Registrar Office that covers Vinayagar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Irunkattukottai

The guideline value plays a crucial role during the registration process of property transactions in Irunkattukottai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes occurring between 2017 and 2023, where it increased by 49%. However, the values remained unchanged in 2023 and 2024.

What is the land classification of Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class III Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the guideline rate of Rs 4,00,000, the total stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Vinayagar Koil Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Vinayagar Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.