Guideline Value for Vinayagar Kovil Street

Vinayagar Kovil Street guideline value

The current guideline value of Vinayagar Kovil Street in Ulunthai village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Vinayagar Kovil Street has changed

Over the years, the guideline value of Vinayagar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft. In the 2017 revision, it decreased to Rs 100 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, it returned to Rs 150 per sq.ft, and this figure remained unchanged in the 2024 revision.

In summary, from 2017 to 2023, the guideline value increased by 50%. Overall, from 2012 to 2024, there has been no change in the guideline value, remaining at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median guideline value is Rs 150 per sq.ft, which is equal to the 2024 figure for Vinayagar Kovil Street.

• Vayaloor Road: Rs 150 per sq.ft (2024)
• Vadukar Colony: Rs 150 per sq.ft (2024)
• udaiyar Street: Rs 150 per sq.ft (2024)
• Swathi Nagar Phase I-IV: Rs 350 per sq.ft (2024)
• Swathi Land: Rs 426 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 Kovil Street?

The Sub Registrar Office that covers Vinayagar Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ulunthai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price and to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Vinayagar Kovil Street?

The current guideline value of Vinayagar Kovil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent figures being Rs 150 per sq.ft in 2023 and 2024, Rs 100 per sq.ft in 2017, and Rs 150 per sq.ft in 2012.

What is the land classification for Vinayagar Kovil Street?

Vinayagar Kovil Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

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

The Sub Registrar Office for Vinayagar Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.