Guideline Value for Vinayaga Nagar Part-I

Vinayaga Nagar Part-I guideline value

The current guideline value of Vinayaga Nagar Part-I is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Mixed Special Type - II.

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

The guideline value register does not contain figures for Vinayaga Nagar Part-I for the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest revision is from 2024, which sets the guideline value at Rs 2,750 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the current value represents a new entry for Vinayaga Nagar Part-I.

Guideline values in Vengaivasal

In Vengaivasal village, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Vinayaga Nagar Part-I above this median.

• Visalakshi Nagar: Rs 2,700 per sq.ft (2024)
• Vishvanathanagar: Rs 2,700 per sq.ft (2024)
• Vishwanathapuram: Rs 2,700 per sq.ft (2024)
• Viswanathanpuram: Rs 2,700 per sq.ft (2024)
• Vignarajapuram Extension: Rs 2,350 per sq.ft (2024)
• Vignarajapuram 4th Street Extension: Rs 2,350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value is Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more assistance.

Which Sub Registrar Office covers Vinayaga Nagar Part-I?

The Sub Registrar Office that covers Vinayaga Nagar Part-I is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value is an essential factor when registering property transactions in Vengaivasal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. It helps in maintaining transparency in property dealings within the region.

Frequently asked questions

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

The current guideline value of Vinayaga Nagar Part-I is Rs 2,750 per sq.ft, effective from 1 July 2024.

What are the previous revision years for Vinayaga Nagar Part-I?

The guideline value register does not contain figures for Vinayaga Nagar Part-I for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does Vinayaga Nagar Part-I's guideline value compare to other streets in Vengaivasal?

Vinayaga Nagar Part-I's guideline value of Rs 2,750 per sq.ft is above the median value of Rs 2,700 per sq.ft for the 117 streets in Vengaivasal under the Selaiyur SRO.

What is the stamp duty rate for property in Vinayaga Nagar Part-I?

The stamp duty rate for property transactions in Vinayaga Nagar Part-I is 7% of the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.