Guideline Value for VINO NAGAR

Vino Nagar guideline value

The current guideline value of Vino Nagar, located in Moorai-1 village under the Avadi SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Vino Nagar has changed

In the 2023 revision, the guideline value for Vino Nagar was set at Rs 500 per sq.ft. The latest 2024 revision has increased this figure to Rs 550 per sq.ft, reflecting a change of +10%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Therefore, the only recorded revisions for Vino Nagar are from 2023 to 2024, with the previous years lacking any guideline values. The increase in the 2024 revision places Vino Nagar at the median value for the 13 streets in Moorai-1 under the Avadi SRO.

Guideline values in Moorai-1

In Moorai-1, the guideline values for the 13 streets range from Rs 220 to Rs 550 per sq.ft, with the median value being Rs 550 per sq.ft. Vino Nagar's 2024 guideline value matches this median.

• Sri Swamy Vivekanda Nagar: Rs 550 per sq.ft (2024)
• Soundarya Nagar: Rs 360 per sq.ft (2024)
• Sindhu Nagar Phase I: Rs 550 per sq.ft (2024)
• Shanmugam Nagar: Rs 550 per sq.ft (2024)
• Sathya Nagar: Rs 360 per sq.ft (2024)
• Lakshmi Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Vino Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vino Nagar?

The Sub Registrar Office that covers Vino Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Moorai-1

The guideline value is a crucial factor when registering property transactions in Moorai-1. It serves as a benchmark for the value of the property, ensuring that the stamp duty and registration fees are calculated accurately based on this value.

When buying or selling property in Vino Nagar, the guideline value helps determine the official value for registration purposes. This ensures that the transaction is recorded correctly and that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Vino Nagar?

The current guideline value of Vino Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vino Nagar was Rs 500 per sq.ft in 2023 and increased to Rs 550 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Vino Nagar?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Vino Nagar?

The Avadi Sub Registrar Office handles property registrations for Vino Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined in Moorai-1?

The guideline value in Moorai-1 is determined based on various factors, including land classification and recent revisions. It serves as a standard for calculating stamp duty and registration fees during property transactions.