Guideline Value for Vinayakar Koil Street

Vinayakar Koil Street guideline value

The current guideline value of Vinayakar Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Vinayakar Koil Street has changed

The guideline value for Vinayakar Koil Street has undergone several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 120 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2007, marking a 233% rise. The value then doubled to Rs 800 per sq.ft in 2012, but saw a decrease of 33% to Rs 536 per sq.ft in 2017. Following this, the value rose to Rs 800 per sq.ft in 2023, and has now reached Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 633%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Vinayakar Koil Street is below this median.

• Vivekananda Nagar: Rs 1,100 per sq.ft (2024)
• Vivek Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C. Cross Street (Jayaram nagar): Rs 1,100 per sq.ft (2024)
• Vijayalakshmi street(Bhavani nagar): Rs 1,600 per sq.ft (2024)
• V.O.C. Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C.nagar 1st street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayakar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayakar Koil Street?

The Sub Registrar Office covering Vinayakar Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value helps in calculating the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair price. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vinayakar Koil Street?

The current guideline value of Vinayakar Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 120 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, marking an overall increase of 633% over this period.

What is the stamp duty for property in Vinayakar Koil Street?

The stamp duty for property in Vinayakar Koil Street is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

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

The Sub Registrar Office for Vinayakar Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Vinayakar Koil Street?

Vinayakar Koil Street is classified under Residential Class II Type - II, indicating its suitability for residential development.