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_C village under the Sunguvarchattram SRO, 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 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged in the 2023 revision, keeping it at Rs 300 per sq.ft. The latest revision in 2024 also maintains this figure at Rs 300 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 300 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figure in the last two revisions.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. Vinatha Nagar's current guideline value is 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 rate of Rs 300 per sq.ft, the 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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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_C

The guideline value is a crucial reference point for property transactions in Santhavellur_C. It is used to determine the stamp duty and registration fees when buying or selling property, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established guideline values.

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 has remained at Rs 300 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Vinatha Nagar?

Vinatha Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What other streets are in Santhavellur_C?

Santhavellur_C has several other streets with varying guideline values. For example, VMR Nagar has a value of Rs 200 per sq.ft, while Sunguvarchitram Walajabad Main Road has a value of Rs 1,750 per sq.ft.

Where can I find more information about stamp duty and registration fees?

For more information regarding stamp duty and registration fees, you can use our stamp duty and registration fee calculator.