Guideline Value for VINAYAGAR ST

Vinayagar St guideline value

The current guideline value of Vinayagar St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class II Type - II.

How the guideline value of Vinayagar St has changed

The guideline value for Vinayagar St has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, and then further rose to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 figure to the 2024 figure is an increase of 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is the same as the current value for Vinayagar St.

• Villtal St: Rs 935 per sq.ft (2024)
• Vivekananda 1st St: Rs 1,310 per sq.ft (2024)
• Vivekananda 2nd St: Rs 810 per sq.ft (2024)
• Vivekanandar St: Rs 935 per sq.ft (2024)
• Vijayarangan Street: Rs 935 per sq.ft (2024)
• V.O.C.Street: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagar St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayagar St?

The Sub Registrar Office that covers Vinayagar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are conducted at fair values as per the government regulations.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Vinayagar St?

The current guideline value of Vinayagar St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Vinayagar St?

Vinayagar St is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000. The stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Vinayagar St?

The Avadi Sub Registrar Office handles the registration for Vinayagar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.