Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Kannanthangal village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Vinayagar Koil Street has changed

Over the years, the guideline value of Vinayagar Koil Street has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in 2017, marking a decline of 33%. However, in 2023, the value increased to Rs 100 per sq.ft, and further rose to Rs 110 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median value is Rs 110 per sq.ft, which is equal to the current guideline value of Vinayagar Koil Street.

• Sandhiya Nagar: Rs 200 per sq.ft (2024)
• Sanar Kuttai Street: Rs 110 per sq.ft (2024)
• Reddiyar Street: Rs 126 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 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 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty, charged at 7%, would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total charges to Rs 9,900. 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 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kannanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 100 per sq.ft to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification for Vinayagar Koil Street?

The land classification for Vinayagar Koil Street is Residential Class II Type - I.

What is the stamp duty rate for properties in Kannanthangal?

The stamp duty rate for properties in Kannanthangal is 7% of the guideline value or sale price, whichever is higher.

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

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