Guideline Value for VINAYAGAM AVENUE

Vinayagam Avenue guideline value

The current guideline value of Vinayagam Avenue is Rs 2,630 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-A village under the Kunrathur SRO, classified as Residential Special Type - IV.

How the guideline value of Vinayagam Avenue has changed

The guideline value for Vinayagam Avenue has undergone several revisions over the years. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. The most recent revision was in 2023, where the guideline value was Rs 2,389 per sq.ft. This figure increased by 10% to Rs 2,630 per sq.ft in the 2024 revision.

Prior to the 2023 revision, there was no recorded guideline value for Vinayagam Avenue. The transition from Rs 2,389 per sq.ft in 2023 to Rs 2,630 per sq.ft in 2024 reflects a significant adjustment in the valuation of this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft, with a median value of Rs 1,760 per sq.ft. Vinayagam Avenue's current guideline value is above this median.

• Vijayaraja Nagar: Rs 1,540 per sq.ft (2024)
• Vlc Bharathiyar Enclaves: Rs 2,630 per sq.ft (2024)
• V.L.C Kakkanji Nagar: Rs 1,920 per sq.ft (2024)
• The Temple Town: Rs 1,540 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,630 per sq.ft, the total guideline value would be Rs 26,30,000. The stamp duty at 7% would amount to Rs 1,84,100, and the registration fee at 2% would be Rs 52,600, bringing the total charges to Rs 2,36,700. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinayagam Avenue?

The Sub Registrar Office that covers Vinayagam Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value is a crucial factor when registering property transactions in Kunrathour-A. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property.

When a property is bought or sold, the guideline value helps in determining the legal and financial obligations involved in the transaction. It is essential for both parties to be informed of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vinayagam Avenue?

The current guideline value of Vinayagam Avenue is Rs 2,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,389 per sq.ft in 2023 to Rs 2,630 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Kunrathour-A?

Other streets in Kunrathour-A have varying guideline values, ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, with Vinayagam Avenue's value being above this median.

How is stamp duty calculated for property in Vinayagam Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,84,100.

Where can I find the Sub Registrar Office for Vinayagam Avenue?

The Sub Registrar Office for Vinayagam Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information through the provided link.