Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Puthuper 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 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the previous 2012 figure. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 200 per sq.ft.

The most recent revision in 2024 maintained the guideline value at Rs 200 per sq.ft, showing no percentage change from the 2023 revision. The significant change occurred between the 2017 and 2023 revisions, where the value increased by 49% from Rs 134 per sq.ft to Rs 200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Vinayagar Koil Street's 2024 figure below that median.

• Venkateswara Nagar: Rs 510 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Sriram Nagar: Rs 300 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathy Garden: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex-III: 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or 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 Puthuper

The guideline value is a critical factor in the registration process when buying or selling property in Puthuper. It is used to determine the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the established values set by the Registration Department.

When a property is sold, the guideline value helps in assessing the minimum value for which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's value, thus playing a vital role in the real estate transaction process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2012 revision, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the median guideline value in Puthuper?

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

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

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.