Guideline Value for Vinayaga nagar

Vinayaga nagar guideline value

The current guideline value of Vinayaga nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Vinayaga nagar has changed

The guideline value for Vinayaga nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 confirmed this same rate of Rs 700 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Vinayaga nagar.

• Vimala Nagar: Rs 700 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)
• Vinus garden: Rs 700 per sq.ft (2024)
• Vishnuprakash Nagar: Rs 700 per sq.ft (2024)
• Vignesh Nagar: Rs 700 per sq.ft (2024)
• Vivekanandapuram: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty, charged at 7%, would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total cost for stamp duty and registration fee would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Vinayaga nagar?

The Sub Registrar Office that covers Vinayaga nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When a property transaction occurs, buyers and sellers must consider the guideline value to determine their financial obligations. This value is used to calculate the total costs associated with the registration process, making it essential for both parties to be aware of the current rates.

Frequently asked questions

What is the current guideline value of Vinayaga nagar?

The current guideline value of Vinayaga nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a 49% increase from Rs 469 per sq.ft in 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

What is the land classification for Vinayaga nagar?

Vinayaga nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 7,00,000. The stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Vinayaga nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Vinayaga nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.