Guideline Value for Vinayaga Nagar 8th Street 1st Street

Vinayaga Nagar 8th Street 1st Street guideline value

The current guideline value for Vinayaga Nagar 8th Street 1st 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 8th Street 1st Street has changed

In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. The value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. 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 the 2017 revision to the 2024 revision, there has been a total increase of 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 have 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, indicating that Vinayaga Nagar 8th Street 1st Street's 2024 figure is below this median.

• Vinayaga Nagar 8th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 2nd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 7th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 6th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 4th Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar 8th Street 1st 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, while the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vinayaga Nagar 8th Street 1st Street?

The Sub Registrar Office that covers Vinayaga Nagar 8th Street 1st 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 when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid by the buyer during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair rate, which is essential for the government’s revenue collection. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vinayaga Nagar 8th Street 1st Street?

The current guideline value for Vinayaga Nagar 8th Street 1st 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 significant changes, increasing from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, which is an overall increase of 64% over this period.

What is the classification of Vinayaga Nagar 8th Street 1st Street?

Vinayaga Nagar 8th Street 1st Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Vinayaga Nagar 8th Street 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,30,900.