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 Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vinayagar Koil Street has changed

The guideline value for Vinayagar Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was also Rs 300 per sq.ft. However, from 2017 to 2023, the value increased by 49% to Rs 300 per sq.ft, and it has remained constant at this rate through the 2024 revision, showing a change of 0% between 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007.

Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 300 per sq.ft. The changes in the values highlight a period of stability in the recent revisions, particularly from 2023 to 2024.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Vinayagar Koil Street's 2024 figure below this median.

• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 300 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)
• Sun Tech Co-op City: Rs 900 per sq.ft (2024)
• Subasree 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 rate of Rs 300 per sq.ft, the 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, totaling Rs 27,000. It is important to note that 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 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 Mevaloorkuppam

The guideline value is a crucial factor in property transactions in Mevaloorkuppam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring compliance with local regulations.

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 the 2012 revision, with a significant increase of 49% from 2017 to 2023, but no change from 2023 to 2024.

What is the median guideline value in Mevaloorkuppam?

The median guideline value for streets in Mevaloorkuppam is Rs 400 per sq.ft, while Vinayagar Koil Street's value is below this median.

What are the stamp duty and registration fees for a property 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.

Which office handles property registrations for Vinayagar Koil Street?

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