Guideline Value for Vinoba Nagar

Vinoba Nagar guideline value

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

How the guideline value of Vinoba Nagar has changed

The guideline value for Vinoba Nagar has seen significant changes over the years. The earliest recorded figure is from 2003, where it stood at Rs 256 per sq.ft. This increased to Rs 425 per sq.ft in 2007, marking a 66% rise. The value further escalated to Rs 1,206 per sq.ft in 2017, reflecting a substantial increase of 184%. Following this, the 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has raised it to Rs 1,980 per sq.ft, a 10% increase from 2023.

It is important to note that there are no recorded figures for Vinoba Nagar in the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 673%.

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, with the median being Rs 1,980 per sq.ft. The guideline value for Vinoba Nagar aligns with this median.

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

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 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinoba Nagar?

The Sub Registrar Office that covers Vinoba Nagar 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 is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value of the property, ensuring that the registration fees and stamp duties are calculated fairly based on this established value.

When a property is sold, the guideline value helps in assessing the appropriate stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial implications of the transaction, based on the current guideline value.

Frequently asked questions

What is the current guideline value of Vinoba Nagar?

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

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 256 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 673% over this period.

What are the stamp duty and registration fees for a property in Vinoba Nagar?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Vinoba Nagar?

The Pammal Sub Registrar Office covers Vinoba Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Vinoba Nagar?

Vinoba Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.