Guideline Value

Corporate

Guideline Value for VINAYAGAR NAGAR

₹550/sq.ft.

The guideline value for Vinayagar Nagar in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vinayagar Nagar

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Vinayagar Nagar guideline value

The current guideline value of Vinayagar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Minjur village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Vinayagar Nagar has changed

The guideline value for Vinayagar Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Minjur

In Minjur, a total of 179 streets under the Ponneri SRO have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value among these streets is Rs 550 per sq.ft, which is equal to the 2024 guideline value of Vinayagar Nagar.

Stamp duty and registration fee for property in Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, resulting in Rs 38,500, while the registration fee is 2%, which amounts to Rs 11,000. Therefore, the total cost for stamp duty and registration fee together is Rs 49,500. It is important to note that 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 Vinayagar Nagar?

The Sub Registrar Office that covers Vinayagar Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer approaches the registration office, the guideline value is assessed to calculate the stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vinayagar Nagar?

The current guideline value of Vinayagar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for a property in Vinayagar Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, making the total Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Vinayagar Nagar?

The Ponneri Sub Registrar Office handles property registrations for Vinayagar Nagar. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Vinayagar Nagar?

The land classification for Vinayagar Nagar is Residential Class II Type - I. This classification is important for determining the appropriate use and development of the land.