Guideline Value for VINAYAKA NAGAR

Vinayaka Nagar guideline value

The current guideline value of Vinayaka Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Vinayaka Nagar has changed

Over the years, the guideline value of Vinayaka Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision recorded a lower value of Rs 469 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 700 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which matches the guideline value of Vinayaka Nagar.

• Vishnu Priya Avenue: Rs 1,001 per sq.ft (2024)
• Vijay Avenue: Rs 700 per sq.ft (2024)
• Venus Nagar: Rs 500 per sq.ft (2024)
• Venkat Avenue: Rs 2,389 per sq.ft (2024)
• Vasanthapuram: Rs 700 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaka Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayaka Nagar?

The Sub Registrar Office that covers Vinayaka Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kayirambedu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees reflect the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for assessing the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Vinayaka Nagar?

The current guideline value of Vinayaka Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a notable drop to Rs 469 per sq.ft in 2017, before returning to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Vinayaka Nagar?

Vinayaka Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes.

What is the stamp duty for property in Vinayaka Nagar?

The stamp duty for property in Vinayaka Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Where can I find the Sub Registrar Office for Vinayaka Nagar?

The Sub Registrar Office for Vinayaka Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.