Guideline Value for Vinobaji Street

Vinobaji Street guideline value

The current guideline value for Vinobaji Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village, under the Sriperumpudur SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Vinobaji Street has changed

The guideline value for Vinobaji Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, a decrease of 50% from the 2023 revision, which was Rs 300 per sq.ft. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2024 revision, the last recorded value was Rs 300 per sq.ft in 2023. The significant drop in the guideline value from 2023 to 2024 reflects changes in the local real estate landscape. There are no figures available for the previous revisions, indicating that the guideline value for Vinobaji Street was not established in those years.

Guideline values in Nemili_B

In Nemili_B, a total of 97 streets are listed under the Sriperumpudur SRO with guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Vinobaji Street's 2024 figure below this median.

• Vigneshwara Nagar: Rs 600 per sq.ft (2024)
• V.S.Nagar: Rs 300 per sq.ft (2024)
• V.G.P. Chakra Town - II: Rs 600 per sq.ft (2024)
• V.G.P. Chakra Town - I: Rs 600 per sq.ft (2024)
• Venkateswara nagar extn: Rs 250 per sq.ft (2024)
• Venkateswara Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Vinobaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 details.

Which Sub Registrar Office covers Vinobaji Street?

The Sub Registrar Office that covers Vinobaji Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the guideline value is considered to ensure that the correct fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in the proper documentation of property transactions.

Frequently asked questions

What is the current guideline value for Vinobaji Street?

The current guideline value for Vinobaji Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vinobaji Street was Rs 300 per sq.ft in 2023 and has decreased to Rs 150 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Vinobaji Street?

Vinobaji Street falls under the Residential Class IV Type - I land classification. This classification is important for determining the usage of the land and applicable regulations.

Where is the Sub Registrar Office for Vinobaji Street located?

The Sub Registrar Office covering Vinobaji Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically charged at a rate of 7%, along with a registration fee of 2% on the guideline value.