Guideline Value for Vinayaga Nagar Main Road

Vinayaga Nagar Main Road guideline value

The current guideline value of Vinayaga Nagar Main Road is Rs 1,870 per sq.ft, effective from 1 July 2024. This road is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Vinayaga Nagar Main Road has changed

The guideline value for Vinayaga Nagar Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, an increase from Rs 1,700 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,139 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, 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

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 guideline value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Vinayaga Nagar Main Road below this median.

• Vinayaga Nagar Kamban Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 8th Street 4th 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 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 Main Road

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, bringing the total fees together to 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.

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

Which Sub Registrar Office covers Vinayaga Nagar Main Road?

The Sub Registrar Office that covers Vinayaga Nagar Main Road 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 crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that both the buyer and seller adhere to the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar Main Road?

The current guideline value of Vinayaga Nagar Main Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of +64% over this period.

What is the land classification for Vinayaga Nagar Main Road?

Vinayaga Nagar Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty rates applicable for property in Vinayaga Nagar Main Road?

The stamp duty for property transactions in Vinayaga Nagar Main Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vinayaga Nagar Main Road?

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