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_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Vinayagar Koil Street has changed

In the 2017 revision, the guideline value for Vinayagar Koil Street was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also listed the value at Rs 400 per sq.ft. The 2024 revision, effective from 1 July 2024, maintained this value at Rs 400 per sq.ft, indicating no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The register does not contain figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the 2024 figure for Vinayagar Koil Street.

• 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, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar Koil Street?

The Sub Registrar Office covering 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 more information.

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

The guideline value is a crucial factor during property registration as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value helps in assessing the taxes that need to be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a reference point for both parties involved in the transaction.

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 for Vinayagar Koil Street has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, marking a 49% increase over this period. There was no change in the value between 2023 and 2024.

What are the guideline values for other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B have varying guideline values, with rates ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the guideline value for Vinayagar Koil Street.

What is the stamp duty rate for properties in Vinayagar Koil Street?

The stamp duty rate for properties in Vinayagar Koil Street is 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Vinayagar Koil Street?

The Sub Registrar Office for Vinayagar Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant link.