Guideline Value for Vinoba Nagar IVth Street

Vinoba Nagar IVth Street guideline value

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

How the guideline value of Vinoba Nagar IVth Street has changed

The guideline value for Vinoba Nagar IVth Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

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

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 is Rs 1,980 per sq.ft, which is equal to the 2024 figure for Vinoba Nagar IVth Street.

• Vinoba Nagar Ist Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar IInd Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar IIIrd Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar: 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 IVth 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, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinoba Nagar IVth Street?

The Sub Registrar Office that covers Vinoba Nagar IVth Street 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 information.

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

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

When buying or selling property, the guideline value is assessed to ensure compliance with legal requirements. Buyers should be aware that the final registration costs will be based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value of Vinoba Nagar IVth 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Vinoba Nagar IVth Street?

The Pammal Sub Registrar Office handles property registrations for Vinoba Nagar IVth Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value for property transactions?

The guideline value is essential for determining the minimum registration value of a property, ensuring that appropriate stamp duty and registration fees are collected during property transactions.