Guideline Value for Vinnarasi Street

Vinnarasi Street guideline value

The current guideline value of Vinnarasi Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Vinnarasi Street has changed

The guideline value for Vinnarasi Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, which is equal to the current guideline value of Vinnarasi Street.

• Vinfield Layout: Rs 550 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 Vinnarasi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. Please 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 Vinnarasi Street?

The Sub Registrar Office that covers Vinnarasi Street is 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 details.

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

The guideline value is a crucial factor during property transactions in Naduveerapattu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees. This ensures that the transaction reflects a value recognized by the registration authorities, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Vinnarasi Street?

The current guideline value of Vinnarasi Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 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, which is the same as the current guideline value for Vinnarasi Street.

What are the stamp duty and registration fees for properties in Vinnarasi Street?

For a 1,000 sq.ft property at the guideline value of Rs 660 per sq.ft, the total guideline value is Rs 6,60,000. The stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for Vinnarasi Street?

The Padappai Sub Registrar Office handles property registrations for Vinnarasi Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.