Guideline Value for Vinfield Layout

Vinfield Layout guideline value

The current guideline value of Vinfield Layout is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Naduveerapattu village and falls under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Vinfield Layout has changed

Over the years, the guideline value of Vinfield Layout has undergone several revisions. The earliest recorded revision was in 2012, where the value was set at Rs 400 per sq.ft. This figure changed to Rs 335 per sq.ft in 2017, marking a decrease of 16%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft, which is an increase of 10% from the previous year.

It is important to note that there are no recorded figures for Vinfield Layout in the revisions of 2002, 2003, and 2007. Overall, the guideline value has increased by 38% from 2012 to the current figure in 2024.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 660 per sq.ft, which means Vinfield Layout's 2024 figure is below this median.

• Vinnarasi Street: Rs 660 per sq.ft (2024)
• Winfield Layout: Rs 550 per sq.ft (2024)
• Venugopal Nagar: Rs 440 per sq.ft (2024)
• Venkatajalapathy Avenue: Rs 550 per sq.ft (2024)
• Vellalar Street: Rs 550 per sq.ft (2024)
• Vanavil S.K.Avenue Part - VII: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vinfield Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinfield Layout?

The Vinfield Layout falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Naduveerapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vinfield Layout?

The current guideline value of Vinfield Layout is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, with Vinfield Layout's current value being below this median.

What are the stamp duty and registration fees for property in Vinfield Layout?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers Vinfield Layout?

Vinfield Layout is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.