Guideline Value for Vinobaji Street

Vinobaji Street guideline value

The current guideline value of Vinobaji Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vinobaji Street has changed

Over the years, the guideline value for Vinobaji Street has seen several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, before rising again to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the current value for Vinobaji Street.

• Vivek Nagar: Rs 5,100 per sq.ft (2024)
• Vivek Nagar Ramasamy Mudali Street: Rs 5,100 per sq.ft (2024)
• Vivek Nagar Varathammal Street: Rs 5,100 per sq.ft (2024)
• Vijayaragavachari Street: Rs 3,600 per sq.ft (2024)
• Vijayaragavachari 1st cross Street: Rs 3,600 per sq.ft (2024)
• V.O.C. Street (M.K.B. nagar): Rs 2,200 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 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, leading to a total of Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinobaji Street?

The Sub Registrar Office that covers Vinobaji Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Ambattur. It is used to determine the stamp duty and registration fees applicable during the sale and purchase of properties. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vinobaji Street?

The current guideline value of Vinobaji Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vinobaji Street has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of Vinobaji Street?

Vinobaji Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in Vinobaji Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles registrations for Vinobaji Street?

The Ambattur Sub Registrar Office handles registrations for Vinobaji Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.