Guideline Value for Dinesh Nagar V.O.C. Street

Dinesh Nagar V.O.C. Street guideline value

The current guideline value of Dinesh Nagar V.O.C. Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in the village of 44.Ayanambakkam under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar V.O.C. Street has changed

In the 2017 revision, the guideline value was set at Rs 804 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a rise of 49%. The latest revision in 2024 saw the guideline value increase further to Rs 1,300 per sq.ft, which is an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in 44.Ayanambakkam

In the village of 44.Ayanambakkam, there are 157 streets under the Konnur SRO that have a guideline value for 2024, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is the same as the guideline value for Dinesh Nagar V.O.C. Street.

• Dinesh Nagar Thiruvallur Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Sriram Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Gandhi Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Elango Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar V.O.C. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dinesh Nagar V.O.C. Street?

The Sub Registrar Office that covers Dinesh Nagar V.O.C. Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When you proceed with a property transaction, the guideline value will influence the amount of stamp duty and registration fees payable. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dinesh Nagar V.O.C. Street?

The current guideline value of Dinesh Nagar V.O.C. Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This represents an overall increase of 62% from 2017 to 2024.

What is the registration office for Dinesh Nagar V.O.C. Street?

The registration office for Dinesh Nagar V.O.C. Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is calculated at 2% of the same value.

What is the land classification of Dinesh Nagar V.O.C. Street?

Dinesh Nagar V.O.C. Street is classified as Residential Class II Type - I, which is important for understanding the zoning and usage regulations in the area.