Guideline Value for Vinayaga Nagar Kamban Street

Vinayaga Nagar Kamban Street guideline value

The current guideline value of Vinayaga Nagar Kamban Street is Rs 1,870 per sq.ft as per the 2024 revision, 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 Kamban Street has changed

The guideline value for Vinayaga Nagar Kamban Street has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has 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, the guideline value has increased by 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 value for these streets is Rs 1,980 per sq.ft, placing Vinayaga Nagar Kamban Street's 2024 figure below this median.

• Vinayaga Nagar 8th Street 4th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar Main Road: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 2nd Street: 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 Kamban 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 of duty and 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinayaga Nagar Kamban Street?

The Sub Registrar Office that covers Vinayaga Nagar Kamban Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the buyer and seller must adhere to the guideline value set by the registration department to ensure compliance with legal requirements. This value helps in maintaining transparency in property transactions and prevents undervaluation.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar Kamban Street?

The current guideline value of Vinayaga Nagar Kamban 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 increased 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 Pammal SRO?

The Pammal SRO is the Sub Registrar Office responsible for property registrations in the Pammal area, including Vinayaga Nagar Kamban Street in Anakaputhur village.

How is stamp duty calculated for properties in Vinayaga Nagar Kamban Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 at a rate of 7%.

Are there other streets with the same guideline value in Anakaputhur?

Yes, several other streets in Anakaputhur have the same guideline value of Rs 1,870 per sq.ft for 2024, including Vinayaga Nagar 8th Street and Vinayaga Nagar Main Road.