Guideline Value for New Vinoba Nagar 2nd street

New Vinoba Nagar 2nd street guideline value

The current guideline value of New Vinoba Nagar 2nd street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of New Vinoba Nagar 2nd street has changed

The guideline value for New Vinoba Nagar 2nd street has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a change of +34%. The most recent revision in 2024 has raised the guideline value to Rs 1,300 per sq.ft, reflecting an increase of +62% from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +117%. It is important to note that the register has no figures for the years 2002, 2003, 2012, and 2023 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of New Vinoba Nagar 2nd street is below this median.

• New Vinoba Nagar 1st street: Rs 1,300 per sq.ft (2024)
• New Vinoba Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• New Vaidhyanathan Street: Rs 4,400 per sq.ft (2024)
• New Thandavarayan Street: Rs 6,600 per sq.ft (2024)
• New Soliappan Street: Rs 2,200 per sq.ft (2024)
• New Sastri Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in New Vinoba Nagar 2nd 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, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Vinoba Nagar 2nd street?

The Sub Registrar Office that covers New Vinoba Nagar 2nd street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial component in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of New Vinoba Nagar 2nd street?

The current guideline value of New Vinoba Nagar 2nd 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 600 per sq.ft in 2007 to Rs 804 per sq.ft in 2017, and then to Rs 1,300 per sq.ft in 2024. This reflects an overall increase of +117% from 2007 to 2024.

What is the land classification for New Vinoba Nagar 2nd street?

New Vinoba Nagar 2nd street is classified as Residential Class II Type - I. This classification is important for determining the applicable regulations and guidelines for property transactions.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in this area?

The registration of properties in New Vinoba Nagar 2nd street is handled by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.