Guideline Value for Vinobaji Nagar 10th Street

Vinobaji Nagar 10th Street guideline value

The current guideline value of Vinobaji Nagar 10th Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Vinobaji Nagar 10th Street has changed

The guideline value for Vinobaji Nagar 10th Street has undergone several revisions. The earliest recorded value is from 2007, which was Rs 823 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a 228% rise. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a decline of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 2,970 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 261%.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, which is the same as the guideline value for Vinobaji Nagar 10th Street.

• Vinobaji Nagar: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 11th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 12th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 13th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 14th Street: Rs 2,970 per sq.ft (2024)
• Vinobaji Nagar 15th Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Vinobaji Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total fees to Rs 2,67,300. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinobaji Nagar 10th Street?

The Sub Registrar Office that covers Vinobaji Nagar 10th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Hastinapuram. It determines the minimum value at which a property can be sold or purchased, ensuring that all transactions are recorded at a fair value.

When you buy or sell property, the registration office uses the guideline value to calculate applicable duties and fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Vinobaji Nagar 10th Street?

The current guideline value of Vinobaji Nagar 10th Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 823 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 261% over the years.

What are the other streets in Hastinapuram with the same guideline value?

Other streets in Hastinapuram with the same guideline value of Rs 2,970 per sq.ft include Vinobaji Nagar 11th Street, Vinobaji Nagar 12th Street, Vinobaji Nagar 13th Street, Vinobaji Nagar 14th Street, and Vinobaji Nagar 15th Street.

What is the stamp duty rate for property in Vinobaji Nagar 10th Street?

The stamp duty rate for property in Vinobaji Nagar 10th Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vinobaji Nagar 10th Street?

The Sub Registrar Office for Vinobaji Nagar 10th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.