Guideline Value for Vinatha Nagar

Vinatha Nagar guideline value

The current guideline value of Vinatha Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Vinatha Nagar has changed

The guideline value for Vinatha Nagar has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 201 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Vinatha Nagar's 2024 figure below that 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)
• Theruveethiamman Kovil Street: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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?

The Sub Registrar Office that covers Vinatha Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, 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_B

The guideline value is a critical factor in property transactions in Santhavellur_B, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential components of the property transaction. It is important for both parties to be aware of the guideline value to avoid disputes and ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Vinatha Nagar?

The current guideline value of Vinatha Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vinatha Nagar has remained at Rs 300 per sq.ft in both 2023 and 2024. It was Rs 201 per sq.ft in 2017, showing a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

What are the other streets in Santhavellur_B?

There are several other streets in Santhavellur_B with varying guideline values. For example, VMR Nagar has a guideline value of Rs 200 per sq.ft, while Venus Nagar has a value of Rs 400 per sq.ft.

How is stamp duty calculated for properties in Vinatha Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 3,00,000, the stamp duty at 7% would amount to Rs 21,000.

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

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