Guideline Value for Darcost Vinnarasi Street

Darcost Vinnarasi Street guideline value

The current guideline value of Darcost Vinnarasi Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Darcost Vinnarasi Street has changed

The guideline value for Darcost Vinnarasi Street has undergone several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 600 per sq.ft in the 2023 revision. The latest revision in 2024 raised this figure to Rs 660 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes observed include a 49% increase from 2017 to 2023, followed by the aforementioned 10% increase from 2023 to 2024.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values for 2024 ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is the same as the current value for Darcost Vinnarasi Street.

• Darshan Garden: Rs 1,640 per sq.ft (2024)
• Dhakshin City: Rs 550 per sq.ft (2024)
• Chandra Garden: Rs 550 per sq.ft (2024)
• Durga Nagar: Rs 440 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 550 per sq.ft (2024)
• Ettayapuram: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Darcost Vinnarasi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. 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 Darcost Vinnarasi Street?

The Sub Registrar Office that covers Darcost Vinnarasi Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Naduveerapattu. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value to ensure compliance with local regulations and to accurately assess the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Darcost Vinnarasi Street?

The current guideline value of Darcost Vinnarasi Street is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 402 per sq.ft to Rs 660 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Darcost Vinnarasi Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles property registrations in Naduveerapattu?

The Padappai Sub Registrar Office is responsible for property registrations in Naduveerapattu. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How can I find the guideline values for other streets in Naduveerapattu?

Guideline values for other streets in Naduveerapattu can be accessed through the Registration Department's guideline value register. Each street has its own specific value based on the latest revisions.