Guideline Value for Vinayagapuram Main road

Vinayagapuram Main road guideline value

The current guideline value of Vinayagapuram Main road is Rs 2,400 per sq.ft, effective from 1 July 2024. This road is located in Oragadam village under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vinayagapuram Main road has changed

The guideline value for Vinayagapuram Main road has seen several revisions over the years. In 2003, the value was Rs 253 per sq.ft, which increased to Rs 600 per sq.ft in 2007. Following this, the value rose significantly to Rs 2,200 per sq.ft in 2012, but then dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 849%. The register has no figure for the year 2002 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Vinayagapuram Main road is above this median.

• Vishwanathan Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Vijay Nagar: Rs 1,400 per sq.ft (2024)
• Vijayaraghavachari Street: Rs 2,400 per sq.ft (2024)
• Vivekanandha Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Vivekanantha Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Vijayalakshmipuram Main Road: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayagapuram Main road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that 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 Vinayagapuram Main road?

The Sub Registrar Office that covers Vinayagapuram Main road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is registered, the guideline value is used to assess the applicable charges. This ensures transparency and consistency in property transactions, as the guideline value reflects the official stance of the government regarding property valuations in the area.

Frequently asked questions

What is the current guideline value of Vinayagapuram Main road?

The current guideline value of Vinayagapuram Main road is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 253 per sq.ft in 2003 to Rs 2,400 per sq.ft in 2024, an overall increase of 849% over the years.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 24,00,000, the total registration fees would be Rs 2,16,000.

Which Sub Registrar Office handles registrations for Vinayagapuram Main road?

The Ambattur Sub Registrar Office handles registrations for Vinayagapuram Main road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Vinayagapuram Main road?

Vinayagapuram Main road is classified as Residential Special Type - I, indicating its suitability for residential development.