Guideline Value for Zoin Street

Zoin Street guideline value

The current guideline value of Zoin Street in Mugappair village, under the Konnur SRO, is Rs 3,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Zoin Street has changed

The guideline value of Zoin Street has undergone several revisions over the years. In 2002, the value was Rs 431 per sq.ft, which increased to Rs 474 per sq.ft in 2003. The subsequent revisions saw a significant rise, with the value reaching Rs 1,200 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017 before climbing to Rs 3,500 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 3,800 per sq.ft.

Between the revisions, the most notable changes include a 192% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 782%. There are no figures available for any other years for Zoin Street.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Zoin Street's 2024 figure below that median.

• V.O.C. Street: Rs 3,800 per sq.ft (2024)
• V.G.P.Nagar: Rs 7,100 per sq.ft (2024)
• V.G.N Avenue Phase I: Rs 7,100 per sq.ft (2024)
• V.G.N.Avenue Phase 2: Rs 7,100 per sq.ft (2024)
• V.G.N Avenue: Rs 7,100 per sq.ft (2024)
• Veyalate Flats: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Zoin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Zoin Street?

The Sub Registrar Office that covers Zoin Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Mugappair. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand the guideline value as it directly impacts the overall cost of property transactions. This value serves as a benchmark for assessing property prices and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Zoin Street?

The current guideline value of Zoin Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with an overall increase of 782% from 2002 to 2024.

What is the land classification for Zoin Street?

Zoin Street is classified as Residential Class II Type - I.

Where can I find information on stamp duty and registration fees?

You can use the stamp duty and registration fee calculator for detailed information on fees applicable to property transactions.

Which office handles the registration for Zoin Street?

The Konnur Sub Registrar Office handles the registration for Zoin Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.