Guideline Value for Vanavil Nagar

Vanavil Nagar guideline value

The current guideline value of Vanavil Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Vanavil Nagar has changed

The guideline value for Vanavil Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 further raised the guideline value to Rs 1,320 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Vanavil Nagar's 2024 figure below this median.

• V.C.A Nagar: Rs 1,980 per sq.ft (2024)
• TNEB Colony: Rs 1,760 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Thyagaraya Mudali Street: Rs 1,760 per sq.ft (2024)
• Venkateswara Nagar 1st Cross Street: Rs 1,980 per sq.ft (2024)
• Venkateswara Nagar 1st Street (Park Road): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vanavil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vanavil Nagar?

Vanavil Nagar falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075 in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented according to the prevailing rates set by the government.

Frequently asked questions

What is the current guideline value of Vanavil Nagar?

The current guideline value of Vanavil Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for properties in Vanavil Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Vanavil Nagar?

The Pammal Sub Registrar Office is responsible for handling registrations for Vanavil Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Vanavil Nagar?

Vanavil Nagar is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.