Guideline Value for VINAYAGAPURAM MAIN ROAD

Vinayagapuram Main Road guideline value

The current guideline value of Vinayagapuram Main Road is Rs 7,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This road is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Vinayagapuram Main Road has changed

The guideline value for Vinayagapuram Main Road has seen several revisions over the years. Starting from Rs 825 per sq.ft in 2003, the value increased significantly to Rs 1,800 per sq.ft in 2007, marking a rise of 118%. The value then surged to Rs 5,800 per sq.ft in 2012, reflecting a remarkable increase of 222%. However, it decreased to Rs 4,355 per sq.ft in 2017, which was a drop of 25%. The value further increased to Rs 6,500 per sq.ft in 2023, showing a rise of 49%, and finally reached Rs 7,100 per sq.ft in the 2024 revision, a growth of 9%.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 761%.

Guideline values in Puliyur

In Puliyur village, 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, with a median value of Rs 5,800 per sq.ft. The guideline value of Vinayagapuram Main Road is above this median.

• Vinayagapuram 3rd Street: Rs 5,800 per sq.ft (2024)
• Vinayagapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Vinayagapuram 1st Street: Rs 5,800 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, together totaling Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. 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 that covers 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 more information.

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

The guideline value is an essential factor during property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for tax purposes.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Vinayagapuram Main Road?

The current guideline value of Vinayagapuram Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 825 per sq.ft in 2003 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 761% over these years.

What is the land classification for Vinayagapuram Main Road?

Vinayagapuram Main Road is classified as Residential Special Type - II, which influences its guideline value and usage.

Where can I find the Kodambakkam Sub Registrar Office?

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

How is stamp duty calculated for properties in Vinayagapuram Main Road?

Stamp duty for properties in Vinayagapuram Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.