Guideline Value for Vinatha Nagar

Vinatha Nagar guideline value

The current guideline value of Vinatha Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 305 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Vinatha Nagar has changed

The guideline value for Vinatha Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which was then reduced to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision and further rose to Rs 305 per sq.ft in the 2024 revision, marking a 2% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 2%, indicating fluctuations in the value over the years.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Vinatha Nagar's 2024 figure below this median.

• VMR Nagar: Rs 200 per sq.ft (2024)
• Venus Nagar: Rs 400 per sq.ft (2024)
• Vasuki Nagar: Rs 700 per sq.ft (2024)
• Vasavi Nagar: Rs 700 per sq.ft (2024)
• Varasithi Vinayagar Street: Rs 200 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in Vinatha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value amounts to Rs 3,05,000. The stamp duty at 7% would be Rs 21,350, and the registration fee at 2% would be Rs 6,100, making the total fees Rs 27,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinatha Nagar?

Vinatha Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Santhavellur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair price of a property. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vinatha Nagar?

The current guideline value of Vinatha Nagar is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the median guideline value in Santhavellur?

The median guideline value in Santhavellur is Rs 500 per sq.ft, with Vinatha Nagar's current value being below this median.

What fees are associated with property registration in Vinatha Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Vinatha Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.