Guideline Value for Vinayaga Nagar

Vinayaga Nagar guideline value

The current guideline value of Vinayaga Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vinayaga Nagar has changed

The guideline value for Vinayaga Nagar has seen several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which increased significantly to Rs 225 per sq.ft in 2012. However, there was a decrease to Rs 151 per sq.ft in 2017. The value then remained unchanged at Rs 226 per sq.ft from 2017 to 2023 and continues at this rate into 2024.

From 2017 to 2023, the guideline value increased by 50%, while the change from 2012 to 2017 was a decrease of 33%. The substantial increase from 2007 to 2012 was 800%. Overall, from 2007 to 2024, the guideline value has increased by 804%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value is Rs 226 per sq.ft, making Vinayaga Nagar's value equal to this median. Below are other streets in Koozhangacheri:

• Vijay Nagar: Rs 226 per sq.ft (2024)
• Vettri Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar Part-II: Rs 200 per sq.ft (2024)
• Veera Nagar: Rs 226 per sq.ft (2024)
• Vasantham Nagar: Rs 200 per sq.ft (2024)
• Vasantha Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, bringing the total to Rs 20,340. 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 details.

Which Sub Registrar Office covers Vinayaga Nagar?

The Sub Registrar Office that covers Vinayaga Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar?

The current guideline value of Vinayaga Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 226 per sq.ft in 2024. There were several revisions, including a decrease in 2017 and no changes from 2023 to 2024.

What is the land classification for Vinayaga Nagar?

Vinayaga Nagar is classified as Residential Class II Type - I. This classification is important for determining the guidelines and regulations applicable to the area.

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

The Sub Registrar Office for Vinayaga Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can amount to Rs 20,340.