Guideline Value for VINAYAGAPURAM MAIN ROAD

Vinayagapuram Main Road guideline value

The current guideline value of Vinayagapuram Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Arumbakkam village, under the Kodambakkam SRO, classified as Commercial Class I Type - II.

How the guideline value of Vinayagapuram Main Road has changed

In the 2012 revision, the guideline value was Rs 7,000 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 4,690 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 7,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 7,700 per sq.ft in 2024, reflecting a 10% rise.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, placing Vinayagapuram Main Road's 2024 value above this median.

• Vinayagapuram Ist Street: Rs 5,500 per sq.ft (2024)
• Visalakshi Street: Rs 5,000 per sq.ft (2024)
• Vivekanandar Street: Rs 6,000 per sq.ft (2024)
• Water Tank Road Cross Street: Rs 7,500 per sq.ft (2024)
• West College Road: Rs 6,000 per sq.ft (2024)
• West Kamarajar Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagapuram Main Road?

The Sub Registrar Office covering Vinayagapuram Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the fees are calculated accurately. This value helps maintain transparency in property transactions and ensures compliance with state regulations.

Frequently asked questions

What is the current guideline value of Vinayagapuram Main Road?

The current guideline value of Vinayagapuram Main Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 7,000 to Rs 4,690 in 2017, then back to Rs 7,000 in 2023, and finally to Rs 7,700 in 2024.

What is the land classification for Vinayagapuram Main Road?

Vinayagapuram Main Road is classified as Commercial Class I Type - II.

Where can I find the registration office for properties in Vinayagapuram Main Road?

The registration office for properties in Vinayagapuram Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Arumbakkam?

Stamp duty for properties in Arumbakkam is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7% of the guideline value.