Guideline Value

Corporate

Guideline Value for Vinoth Mishra Nagar

₹550/sq.ft.

The guideline value for Vinoth Mishra Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vinoth Mishra Nagar

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Vinoth Mishra Nagar guideline value

The current guideline value of Vinoth Mishra Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Pothur village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Vinoth Mishra Nagar has changed

The guideline value for Vinoth Mishra Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the guideline value to Rs 550 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has seen a significant increase of 64%.

It is important to note that there are no figures available for Vinoth Mishra Nagar in the revisions of 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, reflecting a steady rise in the guideline value over these years.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, making the current value of Vinoth Mishra Nagar equal to this median.

Stamp duty and registration fee for property in Vinoth Mishra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It's 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 Vinoth Mishra Nagar?

The Sub Registrar Office that covers Vinoth Mishra Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pothur. It serves as the benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value helps in assessing the fair value of the property, ensuring that the transaction is recorded accurately. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Vinoth Mishra Nagar?

The current guideline value of Vinoth Mishra Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the stamp duty and registration fees in Vinoth Mishra Nagar?

For a plot of 1,000 sq.ft at the guideline value of Rs 550 per sq.ft, the total stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles property registrations in Vinoth Mishra Nagar?

The Redhills Sub Registrar Office handles property registrations for Vinoth Mishra Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value, reflecting the current market conditions.