Guideline Value for Vinayaga Nagar 5th Street

Vinayaga Nagar 5th Street guideline value

The current guideline value of Vinayaga Nagar 5th 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 5th Street has changed

Over the years, the guideline value of Vinayaga Nagar 5th Street has seen several revisions. The oldest recorded figure in the register is from 2017, where it was Rs 1,139 per sq.ft. This figure increased to Rs 1,700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 brought the guideline value to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the overall increase in the guideline value is 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, which means that the 2024 figure for Vinayaga Nagar 5th Street is below this median.

• Vinayaga Nagar 4th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 6th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 7th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Cross Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinayaga Nagar 5th Street?

The Sub Registrar Office that covers Vinayaga Nagar 5th 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

The guideline value is a crucial factor in the registration process for property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which 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 buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 5th Street?

The current guideline value of Vinayaga Nagar 5th 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 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. This reflects a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Anakaputhur?

Other streets in Anakaputhur have a 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.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vinayaga Nagar 5th Street?

The Sub Registrar Office for Vinayaga Nagar 5th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.