Guideline Value for Vinayagar koil Street

Vinayagar koil Street guideline value

The current guideline value of Vinayagar koil Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vinayagar koil Street has changed

The guideline value for Vinayagar koil Street has seen significant changes over the years. In 2002, the guideline value was Rs 464 per sq.ft, which increased to Rs 514 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose dramatically to Rs 1,000 per sq.ft, reflecting a 95% increase. The 2012 revision saw the value remain at Rs 3,600 per sq.ft, but it dropped to Rs 2,412 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 3,600 per sq.ft in 2023, before reaching the current figure of Rs 3,960 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 753%. The register has no figures for the years not mentioned in the revisions listed above.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the guideline value of Vinayagar koil Street.

• Vigneswara nagar Cheran Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar VOC Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Vallal Pari Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Vaigai Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Seethakathi Street: Rs 3,960 per sq.ft (2024)
• Vigneshwara Nagar Pandian Street: Rs 3,960 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 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, resulting in a total cost of Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayagar koil Street?

The Sub Registrar Office covering Vinayagar koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value will be used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vinayagar koil Street?

The current guideline value of Vinayagar koil Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 464 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 753%.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with a guideline value of Rs 3,960 per sq.ft in 2024 include Vigneswara nagar Cheran Street, Vigneshwara Nagar VOC Street, Vigneshwara Nagar Vallal Pari Street, Vigneshwara Nagar Vaigai Street, Vigneshwara Nagar Seethakathi Street, and Vigneshwara Nagar Pandian Street.

What fees are associated with property transactions on Vinayagar koil Street?

For a property on Vinayagar koil Street, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai - 600 069, and it covers Vinayagar koil Street.