Guideline Value for VINAYAGAPURAM 3RD STREET

Vinayagapuram 3rd Street guideline value

The current guideline value of Vinayagapuram 3rd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Vinayagapuram 3rd Street has changed

The guideline value for Vinayagapuram 3rd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 608 per sq.ft, which increased to Rs 1,505 per sq.ft in 2007. The value then rose significantly to Rs 5,300 per sq.ft in 2012, before dropping to Rs 3,551 per sq.ft in 2017. Following this, the value increased to Rs 5,300 per sq.ft in 2023, and has now reached Rs 5,800 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 854%. It is important to note that the register does not have a figure for the year 2002 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which is the same as the current value for Vinayagapuram 3rd Street.

• Vinayagapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Vinayagapuram 1st Street: Rs 5,800 per sq.ft (2024)
• Vinayagapuram Main Road: Rs 7,100 per sq.ft (2024)
• Vinobaji Street: Rs 5,800 per sq.ft (2024)
• Virai Pallam: Rs 3,300 per sq.ft (2024)
• Viswanathan Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagapuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total cost for these fees Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vinayagapuram 3rd Street?

The Sub Registrar Office that covers Vinayagapuram 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, helping to avoid discrepancies and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vinayagapuram 3rd Street?

The current guideline value of Vinayagapuram 3rd Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 608 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 854% over the years.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 5,800 per sq.ft include Vinayagapuram 2nd Street, Vinayagapuram 1st Street, and Vinobaji Street.

What is the registration fee for property in Vinayagapuram 3rd Street?

The registration fee for property in Vinayagapuram 3rd Street is calculated based on the guideline value, which is currently Rs 5,800 per sq.ft. The fee is 2% of the total guideline value.

Where can I find the Sub Registrar Office for Vinayagapuram 3rd Street?

The Sub Registrar Office for Vinayagapuram 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.