Guideline Value for VINAYAKAPURAM 3RD STREET

Vinayakapuram 3rd Street guideline value

The current guideline value of Vinayakapuram 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Vinayakapuram 3rd Street has changed

The guideline value for Vinayakapuram 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was followed by a decrease to Rs 2,144 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes in guideline value are as follows: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO with a 2024 guideline value range from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Vinayakapuram 3rd Street above this median.

• Vijayalakshmi Nagar Annexe II: Rs 3,520 per sq.ft (2024)
• Vijayalakshmi Nagar Annexe I: Rs 3,520 per sq.ft (2024)
• Vijalakshmi Nagar Annex: Rs 3,520 per sq.ft (2024)
• Venkatasubramanya swamy Nagar: Rs 2,090 per sq.ft (2024)
• Swarnapuri Nagar: Rs 3,520 per sq.ft (2024)
• Sun Garden: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayakapuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vinayakapuram 3rd Street?

The Sub Registrar Office that covers Vinayakapuram 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate transactions.

When buyers or sellers engage in property transactions, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Vinayakapuram 3rd Street?

The current guideline value for Vinayakapuram 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for Vinayakapuram 3rd Street?

Vinayakapuram 3rd Street is classified as Residential Special Type - I.

Where can I find the relevant Sub Registrar Office for this street?

The Kunrathur Sub Registrar Office covers Vinayakapuram 3rd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kattupakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 35,20,000, the stamp duty at 7% would be Rs 2,46,400.