Guideline Value for Vinayaga Nagar

Vinayaga Nagar guideline value

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

How the guideline value of Vinayaga Nagar has changed

The guideline value for Vinayaga Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 222 per sq.ft, which increased to Rs 335 per sq.ft in 2007. This marked a significant rise of 51%. The value then surged to Rs 1,139 per sq.ft in 2017, reflecting a substantial increase of 240%. Following this, the 2023 revision set the value at Rs 1,700 per sq.ft, which was a 49% increase from the previous revision. The most recent revision in 2024 has further raised the guideline value to Rs 1,870 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 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, indicating that the guideline value for Vinayaga Nagar is below this median.

• Vinayaga Nagar 1st Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Cross Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 4th Street: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar 5th Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinayaga Nagar

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, charged at 7%, would be Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total fees would amount 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?

The Sub Registrar Office that covers Vinayaga Nagar 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 plays a crucial role in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the guideline value is used to calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vinayaga Nagar?

The current guideline value of Vinayaga Nagar 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 several revisions: Rs 222 per sq.ft in 2003, Rs 335 per sq.ft in 2007, Rs 1,139 per sq.ft in 2017, Rs 1,700 per sq.ft in 2023, and Rs 1,870 per sq.ft in 2024. Notably, there are no figures for the years 2002 and 2012 for this street.

What are the stamp duty and registration fees for Vinayaga Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,68,300.

Which Sub Registrar Office covers Vinayaga Nagar?

The Pammal Sub Registrar Office covers Vinayaga Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration and helps determine the minimum value for transactions. It is also essential for calculating the applicable stamp duty and registration fees during the registration process.