Guideline Value for Vinoba Nagar Ist Street

Vinoba Nagar Ist Street guideline value

The current guideline value of Vinoba Nagar Ist 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 Ist Street has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 sees the value rise to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 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 is Rs 1,980 per sq.ft, which is the same as the 2024 figure for Vinoba Nagar Ist Street.

• Vinoba Nagar IInd Street: Rs 1,980 per sq.ft (2024)
• Vinoba Nagar IVth 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 Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to 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.

You can use the stamp duty and registration fee calculator for more information on these fees.

Which Sub Registrar Office covers Vinoba Nagar Ist Street?

The Sub Registrar Office that covers Vinoba Nagar Ist 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 details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Anakaputhur, the guideline value is used to calculate the stamp duty and registration fees, which are essential for legal ownership transfer.

It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value influences the overall cost of the transaction and helps in determining the financial obligations involved in property dealings.

Frequently asked questions

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

The current guideline value of Vinoba Nagar Ist 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 finally to Rs 1,980 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification of Vinoba Nagar Ist Street?

Vinoba Nagar Ist Street is classified as Residential Class I Type - I under the Pammal SRO.

Where can I find the registration office for Vinoba Nagar Ist Street?

The registration office for Vinoba Nagar Ist Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. 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%.