Guideline Value for VINAYAGAR NAGAR

Vinayagar Nagar guideline value

The current guideline value of Vinayagar Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vinayagar Nagar has changed

The guideline value for Vinayagar Nagar has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 220 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%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, placing Vinayagar Nagar at the median level.

• Vijay Nagar: Rs 220 per sq.ft (2024)
• V.M.S. Nagar: Rs 220 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 220 per sq.ft (2024)
• Vigneswar Nagar: Rs 220 per sq.ft (2024)
• V.R.Bahavan Nagar: Rs 330 per sq.ft (2024)
• Velankanni Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost together to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Vallur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vinayagar Nagar?

The current guideline value of Vinayagar Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 220 per sq.ft, the total stamp duty and registration fees would amount to Rs 19,800.

Which office handles property registrations for Vinayagar Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Vinayagar Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the appropriate fees are collected based on the higher of the guideline value or the sale price.