Guideline Value for Vinayaga Nagar 4th Street

Vinayaga Nagar 4th Street guideline value

The current guideline value of Vinayaga Nagar 4th 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 4th Street has changed

The guideline value for Vinayaga Nagar 4th Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 brought the guideline value to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

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

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, with a median value of Rs 1,980 per sq.ft. The guideline value of Vinayaga Nagar 4th Street is below this median.

• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 5th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Cross Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 6th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 7th Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 4th 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, charged at 7%, would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total cost for stamp duty and registration would be Rs 1,68,300. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinayaga Nagar 4th Street?

The Sub Registrar Office that covers Vinayaga Nagar 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling a property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 4th Street?

The current guideline value of Vinayaga Nagar 4th Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed 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, reflecting an overall increase of 64% from 2017 to 2024.

What is the land classification of Vinayaga Nagar 4th Street?

Vinayaga Nagar 4th Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for Vinayaga Nagar 4th Street?

The registration office for Vinayaga Nagar 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.