Guideline Value for VINAYAGA NAGAR EXTENSION

Vinayaga Nagar Extension guideline value

The current guideline value of Vinayaga Nagar Extension is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Vinayaga Nagar Extension has changed

The guideline value for Vinayaga Nagar Extension has seen significant changes over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 700 per sq.ft, and this increased to Rs 1,200 per sq.ft in the 2024 revision, marking a change of +71%.

Prior to the 2023 revision, the guideline value was not recorded for this street. The increase from Rs 700 to Rs 1,200 per sq.ft reflects the latest valuation as per the 2024 revision.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, placing Vinayaga Nagar Extension's 2024 figure above that median.

• Vinayagam Nagar: Rs 700 per sq.ft (2024)
• Vinayagar Nagar: Rs 700 per sq.ft (2024)
• Vellodi Road: Rs 700 per sq.ft (2024)
• Velavan Nagar: Rs 700 per sq.ft (2024)
• Vedhagiri Mudali Street: Rs 900 per sq.ft (2024)
• Varadhappa Naicken St: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinayaga Nagar Extension?

The Sub Registrar Office covering Vinayaga Nagar Extension is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Ponneri. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in calculating the financial obligations related to property registration.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar Extension?

The current guideline value of Vinayaga Nagar Extension is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 1,200 per sq.ft in 2024, marking a change of +71%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Ponneri and their guideline values?

Other streets in Ponneri include Vinayagam Nagar, Vinayagar Nagar, Vellodi Road, Velavan Nagar, Vedhagiri Mudali Street, and Varadhappa Naicken St, with guideline values ranging from Rs 700 to Rs 1,200 per sq.ft.

What are the stamp duty and registration fees for properties in Vinayaga Nagar Extension?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Where is the Sub Registrar Office for Vinayaga Nagar Extension located?

The Sub Registrar Office for Vinayaga Nagar Extension is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.