Guideline Value for Vinayaga Nagar 8th Street 2nd Street

Vinayaga Nagar 8th Street 2nd Street guideline value

The current guideline value for Vinayaga Nagar 8th Street 2nd 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 2nd Street has changed

The guideline value for Vinayaga Nagar 8th Street 2nd 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 2023. The most recent revision in 2024 raised the guideline value to Rs 1,870 per sq.ft, marking a change of +10% 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, with 2024 guideline values 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, placing Vinayaga Nagar 8th Street 2nd Street's 2024 figure below this median.

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

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

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

Which Sub Registrar Office covers Vinayaga Nagar 8th Street 2nd Street?

The Sub Registrar Office that covers Vinayaga Nagar 8th Street 2nd 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 details.

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

The guideline value is a critical factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process. The guideline value serves as a benchmark for property transactions, helping to maintain consistency in property valuations across the region.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 8th Street 2nd Street?

The current guideline value of Vinayaga Nagar 8th Street 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, marking an overall increase of +64% over this period.

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.

Where is the Sub Registrar Office located for this street?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for Vinayaga Nagar 8th Street 2nd Street?

Vinayaga Nagar 8th Street 2nd Street is classified as Residential Class I Type - II.