Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Vinayagar Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for Vinayagar Koil Street in the 2002, 2003, and 2007 revisions. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

Vinayagar Koil Street's 2024 guideline value of Rs 1,650 per sq.ft is equal to the median value of Rs 1,650 per sq.ft for the 322 streets in Peerklankaranai under the Tambaram Joint 1 SRO, which range from Rs 880 to Rs 4,400 per sq.ft.

• Vimal Avenue: Rs 1,650 per sq.ft (2024)
• Viramamunivar street: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi Street: Rs 1,100 per sq.ft (2024)
• Vijayalakshmi 4st cross Street: Rs 1,100 per sq.ft (2024)
• Vivekanandhar Street: Rs 1,650 per sq.ft (2024)
• Vijayalakshmi 3st cross Street: Rs 1,100 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar Koil Street?

Vinayagar Koil Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Peerklankaranai. It serves as a reference point for determining the minimum value at which properties can be registered, ensuring that the transactions are documented at a fair value.

When purchasing or selling property, it is essential to consider the guideline value, as it affects the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 1,500 per sq.ft in 2012, decreasing to Rs 1,005 per sq.ft in 2017, and then increasing to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 has raised the value to Rs 1,650 per sq.ft.

What is the land classification for Vinayagar Koil Street?

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

What are the stamp duty rates for properties in Vinayagar Koil Street?

The stamp duty for properties in Vinayagar Koil Street is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles registrations for Vinayagar Koil Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Vinayagar Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.