Guideline Value for Sri Vinayaga Nagar

Sri Vinayaga Nagar guideline value

The current guideline value of Sri Vinayaga Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Vinayaga Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the guideline value was Rs 100 per sq.ft, which increased dramatically to Rs 800 per sq.ft in 2012, marking a rise of 700%. However, the value remained unchanged at Rs 800 per sq.ft in 2012 until it dropped to Rs 536 per sq.ft in 2017, a decrease of 33%.

From 2017 to the current 2023 revision, the guideline value increased by 49%, bringing it back up to Rs 800 per sq.ft. Overall, from 2007 to 2023, the guideline value has risen by 700%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sri Vinayaga Nagar is one of the streets in this locality, and there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total cost for these fees Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Vinayaga Nagar?

The Sub Registrar Office that covers Sri Vinayaga Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating these fees, ensuring that the government receives the appropriate revenue from 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 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally increased back to Rs 800 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Sri Vinayaga Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Sri Vinayaga Nagar?

Sri Vinayaga Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is considered for these calculations.