Guideline Value for SRI VINAYAGA NAGAR

Sri Vinayaga Nagar guideline value

The current guideline value of Sri Vinayaga Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Vinayaga Nagar has changed

In the 2023 revision, the guideline value for Sri Vinayaga Nagar was Rs 300 per sq.ft. The subsequent 2024 revision saw an increase to Rs 501 per sq.ft, marking a significant change of +67% from the previous year. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

With the 2024 revision, the guideline value aligns with the median value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam under the Ponneri SRO, which range from Rs 500 to Rs 1,500 per sq.ft.

Guideline values in Thadaperumbakkam

The guideline values in Thadaperumbakkam vary across different streets, with the current figures for 2024 showing a range from Rs 500 to Rs 1,500 per sq.ft. Sri Vinayaga Nagar's current guideline value is Rs 501 per sq.ft, which is equal to the median value for the area.

• Sri Sakthi Nagar: Rs 501 per sq.ft (2024)
• Subbu Lakshmi Ammal Nagar: Rs 1,500 per sq.ft (2024)
• Sri Sai Nagar: Rs 600 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vinayaga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total cost for these fees to Rs 45,090. It is important to 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 Sri Vinayaga Nagar?

Sri Vinayaga Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Thadaperumbakkam, as it serves as the benchmark for calculating stamp duty and registration fees. Buyers and sellers must consider this value when determining the costs associated with the transfer of property ownership.

When registering a property, the guideline value is used to assess the applicable stamp duty, ensuring that the fees reflect the official valuation set by the government. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Vinayaga Nagar?

The current guideline value of Sri Vinayaga Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, representing a +67% increase. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Thadaperumbakkam?

Other streets in Thadaperumbakkam have varying guideline values, ranging from Rs 500 to Rs 1,500 per sq.ft. Sri Vinayaga Nagar's current value of Rs 501 per sq.ft is equal to the median value for the area.

What fees are associated with buying property in Sri Vinayaga Nagar?

When buying property in Sri Vinayaga Nagar, buyers should be aware of the stamp duty and registration fees. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 45,090 in fees based on the guideline value.

Where can I find the Sub Registrar Office for Sri Vinayaga Nagar?

The Sub Registrar Office covering Sri Vinayaga Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.