Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Maakaanyam 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. In 2012, the guideline value was Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. Following this, the value increased by 50% to Rs 150 per sq.ft in 2023, and it has remained the same in the 2024 revision, showing a 0% change from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Vinayagar Koil Street's 2024 figure below that median.

• VN Nagar: Rs 200 per sq.ft (2024)
• Vasanthpuram: Rs 250 per sq.ft (2024)
• Udaiyar Street: Rs 150 per sq.ft (2024)
• Thirupathi Nagar: Rs 500 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sri Premkavaradhan Nagar: Rs 300 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total additional costs Rs 13,500. 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 Maakaanyam

The guideline value is a crucial factor during the registration of property transactions in Maakaanyam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased back to Rs 150 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

What are the other streets in Maakaanyam with their guideline values?

Other streets in Maakaanyam include VN Nagar at Rs 200 per sq.ft, Vasanthpuram at Rs 250 per sq.ft, Udaiyar Street at Rs 150 per sq.ft, Thirupathi Nagar at Rs 500 per sq.ft, Sri Srinivasa Nagar at Rs 300 per sq.ft, and Sri Premkavaradhan Nagar at Rs 300 per sq.ft.

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 about your SRO online.