Guideline Value for Vinayaga Nagar

Vinayaga Nagar guideline value

The current guideline value of Vinayaga Nagar is Rs 505 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 - III.

How the guideline value of Vinayaga Nagar has changed

Over the years, the guideline value of Vinayaga Nagar has seen several revisions. In the 2007 revision, the value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in the 2012 revision. However, this value dropped to Rs 335 per sq.ft in the 2017 revision, before rising to Rs 500 per sq.ft in 2023. The most recent revision in 2024 saw a slight increase to Rs 505 per sq.ft.

The changes between the revisions show a 233% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. From 2017 to 2023, there was a substantial increase of 49%, and a 1% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with guideline values for 2024 ranging from Rs 335 to Rs 1,700 per sq.ft. The median value is Rs 500 per sq.ft, placing Vinayaga Nagar's 2024 figure above this median.

• Vinayaga Nagar Part-II: Rs 500 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

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total fees to Rs 45,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayaga Nagar?

The Sub Registrar Office that covers Vinayaga Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Orathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property, ensuring that these costs are aligned with the official value set by the government.

When selling property, the guideline value helps establish a baseline for the sale price. It ensures that both parties in the transaction are aware of the minimum value recognized by the authorities, which can aid in negotiations and finalizing the sale.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar?

The current guideline value of Vinayaga Nagar is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 150 per sq.ft in 2007 to Rs 505 per sq.ft in 2024, showing a 237% increase overall.

What are the other streets in Orathur with guideline values?

Other streets in Orathur under the Gooduvancheri SRO include Vinayaga Nagar Part-II, Vijaya Nagar, Vignesh Garden Extension-I, Vignesh Garden Extension, Vignesh Garden, and V.O.C. Nagar, with values ranging from Rs 402 to Rs 700 per sq.ft for 2024.

What are the stamp duty and registration fees for property in Vinayaga Nagar?

The stamp duty for property in Vinayaga Nagar is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 45,450.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.