Guideline Value for Vinayaga Nagar Part-II

Vinayaga Nagar Part-II guideline value

The current guideline value of Vinayaga Nagar Part-II is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Orathur village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Vinayaga Nagar Part-II has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a substantial rise of 233%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of 33%. The value then increased by 49% to Rs 500 per sq.ft in 2023, remaining unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. The guideline value has consistently remained at Rs 500 per sq.ft from 2023 to 2024, indicating stability after the previous fluctuations.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Vinayaga Nagar Part-II aligns with this median.

• Vinayaga Nagar: Rs 505 per sq.ft (2024)
• Vijaya Nagar: Rs 505 per sq.ft (2024)
• Vignesh Garden Extension-I: Rs 700 per sq.ft (2024)
• Vignesh Garden Extension: Rs 700 per sq.ft (2024)
• Vignesh Garden: Rs 402 per sq.ft (2024)
• V.O.C. Nagar: Rs 505 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayaga Nagar Part-II?

The Sub Registrar Office that covers Vinayaga Nagar Part-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Orathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as all parties are aware of the minimum value recognized by the government.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar Part-II?

The current guideline value of Vinayaga Nagar Part-II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers Vinayaga Nagar Part-II?

The Gooduvancheri Sub Registrar Office covers Vinayaga Nagar Part-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

What are the stamp duty and registration fees for a property in Vinayaga Nagar Part-II?

For a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find more information about the guideline values in Orathur?

More information about the guideline values in Orathur can be found in the registration department's guideline value register and through the links provided for other streets in Orathur.