Guideline Value for Chitti Vinayagar Nagar

Chitti Vinayagar Nagar guideline value

The current guideline value of Chitti Vinayagar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village and falls under the Gooduvancheri SRO. The land classification is Residential Class II Type - I.

How the guideline value of Chitti Vinayagar Nagar has changed

The guideline value for Chitti Vinayagar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 85 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to Rs 400 per sq.ft, which has remained unchanged into the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 371%.

Guideline values in Kuthanoor

In Kuthanoor, there are 30 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 800 per sq.ft. Chitti Vinayagar Nagar's 2024 figure is below this median.

• Bharath Avenue: Rs 800 per sq.ft (2024)
• E.R. Nagar: Rs 700 per sq.ft (2024)
• Aswath Nagar: Rs 805 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 705 per sq.ft (2024)
• Ashvath Nagar Extn I: Rs 800 per sq.ft (2024)
• Gks Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chitti Vinayagar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Chitti Vinayagar Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kuthanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is bought or sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official value set by the registration department. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Chitti Vinayagar Nagar?

The current guideline value of Chitti Vinayagar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 85 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft since 2023.

What are the other streets in Kuthanoor with their guideline values?

Other streets in Kuthanoor have varying guideline values. For instance, Bharath Avenue has a guideline value of Rs 800 per sq.ft, while Gks Avenue is at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for properties in Chitti Vinayagar Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Where is the Gooduvancheri Sub Registrar Office located?

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