Guideline Value for Vinayaga Nagar 2nd Street

Vinayaga Nagar 2nd Street guideline value

The current guideline value of Vinayaga Nagar 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Vinayaga Nagar 2nd Street has changed

The guideline value of Vinayaga Nagar 2nd Street has undergone several revisions since 2017. In 2017, the value was Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry 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 Vinayaga Nagar 2nd Street's 2024 figure below that median.

• Vinayaga Nagar 1st Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Cross Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 4th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 5th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayaga Nagar 2nd Street?

The Sub Registrar Office that covers Vinayaga Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Anakaputhur, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable during the transaction. This value is set by the government and is used as a benchmark for assessing property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property registration. Ensuring that the transaction adheres to the guideline value helps to maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 2nd Street?

The current guideline value of Vinayaga Nagar 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Vinayaga Nagar 2nd Street?

The Pammal Sub Registrar Office handles registrations for Vinayaga Nagar 2nd Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Vinayaga Nagar 2nd Street?

Vinayaga Nagar 2nd Street falls under the Residential Class I Type - II land classification. This classification is important for understanding the permissible uses of the land.