Guideline Value for Vinayaga Nagar 3rd Cross Street

Vinayaga Nagar 3rd Cross Street guideline value

The current guideline value of Vinayaga Nagar 3rd Cross 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 is classified as Residential Class I Type - II.

How the guideline value of Vinayaga Nagar 3rd Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise over six years. The most recent 2024 revision 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%. There are no figures available for the revisions in 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 in the village is Rs 1,980 per sq.ft, placing Vinayaga Nagar 3rd Cross Street's 2024 figure below that median.

• Vinayaga Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 1st 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 6th Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 3rd Cross 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 be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, totaling Rs 1,68,300. It is important to note that the 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 Vinayaga Nagar 3rd Cross Street?

The Sub Registrar Office covering Vinayaga Nagar 3rd Cross 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 information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to price their properties competitively.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 3rd Cross Street?

The current guideline value of Vinayaga Nagar 3rd Cross 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 seen an increase from Rs 1,139 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2023, and then to Rs 1,870 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

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.

Which Sub Registrar Office covers Vinayaga Nagar 3rd Cross Street?

The Pammal Sub Registrar Office covers Vinayaga Nagar 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet).