Guideline Value for Vinoba Nagar IIIrd Street

Vinoba Nagar IIIrd Street guideline value

The current guideline value of Vinoba Nagar IIIrd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vinoba Nagar IIIrd Street has changed

The guideline value for Vinoba Nagar IIIrd Street has undergone several revisions over the years. The oldest available revision is from 2017, where the value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no registered figures for this street for the years 2002, 2003, 2007, and 2012.

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, which matches the current value for Vinoba Nagar IIIrd Street.

• Vinoba Nagar IInd Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar Ist Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar IVth Street: Rs 1,980 per sq.ft (2024)
• Vinayaga Nagar Main Road: Rs 1,870 per sq.ft (2024)
• Vinayaga Nagar Kamban Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Vinoba Nagar IIIrd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinoba Nagar IIIrd Street?

The Vinoba Nagar IIIrd Street is covered by 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a buyer or seller engages in a property transaction, the guideline value is used to assess the applicable fees, ensuring that both parties are aware of the financial implications involved in the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Vinoba Nagar IIIrd Street?

The current guideline value of Vinoba Nagar IIIrd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. Overall, there has been a 64% increase from the 2017 revision to the 2024 revision.

What is the land classification for Vinoba Nagar IIIrd Street?

Vinoba Nagar IIIrd Street is classified as Residential Class I Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Vinoba Nagar IIIrd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.