Guideline Value for Vinayagar Koil Street

Vinayagar Koil Street guideline value

The current guideline value of Vinayagar Koil Street is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Special Type - II.

How the guideline value of Vinayagar Koil Street has changed

Starting from the earliest revision, the guideline value for Vinayagar Koil Street was Rs 88 per sq.ft in 2002. This increased to Rs 98 per sq.ft in 2003, marking an 11% rise. The value then rose significantly to Rs 200 per sq.ft in 2007, reflecting a 104% increase. In 2012, it further increased to Rs 500 per sq.ft, which was a substantial 150% jump. However, in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The guideline value remained at Rs 500 per sq.ft in 2023 and has not changed in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 468%. There are no figures available for the years not mentioned in this register for Vinayagar Koil Street.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Vinayagar Koil Street's 2024 value above that median.

• Vishnu Garden: Rs 201 per sq.ft (2024)
• Vanniyar Street: Rs 300 per sq.ft (2024)
• Thutta Street: Rs 300 per sq.ft (2024)
• Thulukar Street: Rs 350 per sq.ft (2024)
• Thottakara Street: Rs 500 per sq.ft (2024)
• Thelungu Colony: Rs 200 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also 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 Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arani. It is the benchmark used to calculate the stamp duty and registration fees, ensuring that these fees are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal obligations related to the transaction, ensuring compliance with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Vinayagar Koil Street?

The current guideline value of Vinayagar Koil Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 88 per sq.ft in 2002 to Rs 500 per sq.ft in 2024, representing an overall increase of 468%.

What is the land classification for Vinayagar Koil Street?

Vinayagar Koil Street is classified as Residential Special Type - II under the current guidelines.

What are the stamp duty and registration fees for property in Vinayagar Koil Street?

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find the Sub Registrar Office for Vinayagar Koil Street?

The Sub Registrar Office for Vinayagar Koil Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.