Guideline Value for Vinayakar Koil Street

Vinayakar Koil Street guideline value

The current guideline value of Vinayakar Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Kathirvedu village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Vinayakar Koil Street has changed

The guideline value for Vinayakar Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 67 per sq.ft, which increased to Rs 80 per sq.ft in 2003. The value saw a significant rise to Rs 200 per sq.ft in 2007, followed by a substantial increase to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023 before reaching the current value of Rs 1,300 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 500%, while the change from 2012 to 2017 saw a decrease of 33%. The overall change from 2002 to 2024 reflects a significant increase of 1840%.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. Vinayakar Koil Street's 2024 guideline value is below this median.

• V.M.K.Nagar: Rs 2,000 per sq.ft (2024)
• V.O.C.Street: Rs 1,100 per sq.ft (2024)
• West Street: Rs 1,300 per sq.ft (2024)
• Yes Pee Avenue: Rs 2,700 per sq.ft (2024)
• Veera Ragavalu Nagar Extension: Rs 2,300 per sq.ft (2024)
• Veera Ragavalu Nagar: Rs 2,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayakar Koil Street?

The Sub Registrar Office that covers 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 Kathirvedu

The guideline value is a crucial factor when buying or selling property in Kathirvedu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these costs.

When registering a property, the guideline value serves as a benchmark for the transaction. It is important to note that the stamp duty is charged on the higher of the guideline value or the actual sale price, which can affect the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Vinayakar Koil Street?

The current guideline value of Vinayakar Koil Street is Rs 1,300 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 67 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 1840% over the years.

What is the land classification of Vinayakar Koil Street?

Vinayakar Koil Street is classified as Residential Class III Type - II, which indicates its intended use for residential purposes.

Where can I find the registration office for Vinayakar Koil Street?

The registration 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.

How is the stamp duty calculated for properties in Vinayakar Koil Street?

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