Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Vinayagar Koil Street has changed

The guideline value for Vinayagar Koil Street has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023 and maintaining the same value in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From the 2023 to 2024 revision, there was no change, with the guideline value remaining at Rs 300 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same value in the last two revisions.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Vinayagar Koil Street's 2024 figure above this median.

• Yadhava Street: Rs 250 per sq.ft (2024)
• Vettri Nagar: Rs 250 per sq.ft (2024)
• Vetrivel Nagar: Rs 250 per sq.ft (2024)
• Venugopal Nagar: Rs 250 per sq.ft (2024)
• Venkatapuri: Rs 250 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 more information.

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

The guideline value plays a crucial role in property transactions in Katrampakkam B. It is used to determine the minimum value at which a property can be registered. When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value ensures that the property is assessed fairly, and the government receives the appropriate revenue from the transaction. Buyers and sellers should always refer to the latest guideline values to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2023, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class II Type - I within the guideline value register.

What are the stamp duty and registration fees for properties in Vinayagar Koil Street?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Vinayagar Koil Street?

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