Guideline Value for VINAYAGAPURAM 1 TO 19 STREETS

Vinayagapuram 1 To 19 Streets guideline value

The current guideline value for Vinayagapuram 1 To 19 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village, under the Pallavaram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Vinayagapuram 1 To 19 Streets has changed

The guideline value for Vinayagapuram 1 To 19 Streets has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value among these streets is Rs 2,750 per sq.ft, indicating that the guideline value for Vinayagapuram 1 To 19 Streets is below this median.

• Viduthalai Nagar 1 To 15 Streets: Rs 3,300 per sq.ft (2024)
• Vidudhalai Nagar: Rs 3,300 per sq.ft (2024)
• 200 Feet Road: Rs 3,300 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagapuram 1 To 19 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is essential to note that the 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 Vinayagapuram 1 To 19 Streets?

The Sub Registrar Office that covers Vinayagapuram 1 To 19 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor during the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vinayagapuram 1 To 19 Streets?

The current guideline value for Vinayagapuram 1 To 19 Streets is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increasing to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What is the land classification for Vinayagapuram 1 To 19 Streets?

Vinayagapuram 1 To 19 Streets is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Vinayagapuram 1 To 19 Streets?

The Sub Registrar Office for Vinayagapuram 1 To 19 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in S. Kullathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.