Guideline Value for Vinayaga Nagar 6th Street

Vinayaga Nagar 6th Street guideline value

The current guideline value of Vinayaga Nagar 6th 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 6th Street has changed

The guideline value for Vinayaga Nagar 6th Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,870 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the guideline value has risen by 64%.

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 value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value for Vinayaga Nagar 6th Street is below this median.

• Vinayaga Nagar 5th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 7th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 4th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 1st Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 6th 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, leading to a total cost of Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayaga Nagar 6th Street?

The Sub Registrar Office that covers Vinayaga Nagar 6th 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 the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that the government receives the correct revenue based on the property's assessed value. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 6th Street?

The current guideline value of Vinayaga Nagar 6th 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 now to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the classification of Vinayaga Nagar 6th Street?

Vinayaga Nagar 6th Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Vinayaga Nagar 6th Street?

The Sub Registrar Office for Vinayaga Nagar 6th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Vinayaga Nagar 6th Street?

The stamp duty for properties in Vinayaga Nagar 6th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are also applicable.