Guideline Value for VINODHA NAGAR

Vinodha Nagar guideline value

The current guideline value of Vinodha Nagar, located in Walajabad village under the Walajabad SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Vinodha Nagar has changed

Over the years, the guideline value of Vinodha Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 1,500 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 1,500 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value across these streets is Rs 750 per sq.ft, placing Vinodha Nagar's 2024 figure above this median.

• V.M.Avenue: Rs 700 per sq.ft (2024)
• Vijaya Nagar: Rs 550 per sq.ft (2024)
• V.V.Kovil Street: Rs 1,000 per sq.ft (2024)
• W.K. Rathinavel St: Rs 750 per sq.ft (2024)
• W.T.Natarajan St: Rs 500 per sq.ft (2024)
• Venkatrama Pillai Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Vinodha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinodha Nagar?

The Sub Registrar Office covering Vinodha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Walajabad. It serves as the basis for calculating stamp duty and registration fees, ensuring that transactions are conducted at a standardized value recognized by the government.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Vinodha Nagar?

The current guideline value of Vinodha Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the 2012 figure at Rs 1,500 per sq.ft, decreasing to Rs 1,005 per sq.ft in 2017, and then returning to Rs 1,500 per sq.ft by 2023. The 2024 revision maintains this value.

What are the other streets in Walajabad and their guideline values?

Other streets in Walajabad have varying guideline values, with V.M.Avenue at Rs 700 per sq.ft, Vijaya Nagar at Rs 550 per sq.ft, and V.V.Kovil Street at Rs 1,000 per sq.ft, among others.

How is stamp duty calculated for properties in Vinodha Nagar?

Stamp duty for properties in Vinodha Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,500 per sq.ft incurs a total stamp duty of Rs 1,05,000.

Where can I find the Sub Registrar Office for Vinodha Nagar?

The Sub Registrar Office for Vinodha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.