Guideline Value for Vinayaga Nagar 8th Street 4th Street

Vinayaga Nagar 8th Street 4th Street guideline value

The current guideline value of Vinayaga Nagar 8th Street 4th Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This property is located in Anakaputhur village under the Pammal SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Vinayaga Nagar 8th Street 4th Street has changed

The guideline value for Vinayaga Nagar 8th Street 4th Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,139 per sq.ft. This 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 guideline 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, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

Anakaputhur has a total of 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, indicating that the guideline value for Vinayaga Nagar 8th Street 4th Street is below this median.

• Vinayaga Nagar 8th Street 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar Kamban Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 2nd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar Main Road: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 1st 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 8th Street 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 at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to 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 detailed calculations.

Which Sub Registrar Office covers Vinayaga Nagar 8th Street 4th Street?

The Sub Registrar Office that covers Vinayaga Nagar 8th Street 4th 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the duty is calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar 8th Street 4th Street?

The current guideline value of Vinayaga Nagar 8th Street 4th 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 indicates an overall increase of 64% from 2017 to 2024.

What is the land classification of Vinayaga Nagar 8th Street 4th Street?

Vinayaga Nagar 8th Street 4th Street falls under the Residential Class I Type - II land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Vinayaga Nagar 8th Street 4th 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 Anakaputhur?

Stamp duty is 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 at 7%.