Guideline Value for DR. VINOBAJI NAGAR

Dr. Vinobaji Nagar guideline value

The current guideline value of Dr. Vinobaji Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Dr. Vinobaji Nagar has changed

The guideline value for Dr. Vinobaji Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 330 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value for Dr. Vinobaji Nagar.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value in this village is Rs 330 per sq.ft, which is equal to the current value of Dr. Vinobaji Nagar.

• Dr. Ambedkar Nagar: Rs 462 per sq.ft (2024)
• Enfield Nagar: Rs 330 per sq.ft (2024)
• E.V.K. Sampath Nagar: Rs 330 per sq.ft (2024)
• Ganapathy Nagar: Rs 330 per sq.ft (2024)
• Gandhi Nagar: Rs 330 per sq.ft (2024)
• Gandhi Nagar Extn: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Vinobaji Nagar

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total cost of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Vinobaji Nagar?

The Sub Registrar Office that covers Dr. Vinobaji Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Vinobaji Nagar?

The current guideline value of Dr. Vinobaji Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Athipattu?

The median guideline value in Athipattu is Rs 330 per sq.ft, which is the same as the current guideline value for Dr. Vinobaji Nagar.

What are the stamp duty rates applicable in Dr. Vinobaji Nagar?

The stamp duty rate applicable in Dr. Vinobaji Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.