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. This street is located in Mevaloorkuppam B village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vinayagar Koil Street has changed

Over the years, the guideline value for Vinayagar Koil Street has seen several revisions. The most recent revisions show that the guideline value was Rs 300 per sq.ft in both 2023 and 2024. Prior to that, in 2017, the value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 49% as well.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. This means that the guideline value for Vinayagar Koil Street remained unchanged at Rs 300 per sq.ft from 2023 to 2024.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which places Vinayagar Koil Street's 2024 figure below that median.

• Vijayashanthi Infinite: Rs 1,320 per sq.ft (2024)
• VGP Queens Town: Rs 700 per sq.ft (2024)
• VGP Industrial Form: Rs 700 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vasan Nagar: Rs 400 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 would be Rs 3,00,000. The stamp duty at 7% would amount to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 Mevaloorkuppam B

The guideline value plays a crucial role in the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property transactions within the area.

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 for Vinayagar Koil Street has remained at Rs 300 per sq.ft from 2023 to 2024. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Vinayagar Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a total guideline value of Rs 3,00,000, leading to a stamp duty of Rs 21,000.