Guideline Value for Vinoth Nagar

Vinoth Nagar guideline value

The current guideline value of Vinoth Nagar is Rs 700 per sq.ft. This area is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Vinoth Nagar has changed

The guideline value for Vinoth Nagar has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was substantial at +1,067%, while the drop from 2012 to 2017 was -33%. Overall, from 2007 to 2024, the guideline value has increased by 1,067%.

Guideline values in Kavanur

In Kavanur village, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Vinoth Nagar's current guideline value is below this median.

• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• VRK Avenue: Rs 1,000 per sq.ft (2024)
• Vgn Southern Meadows Phase IV: Rs 2,239 per sq.ft (2024)
• V.G.N. Southern County Phase-II: Rs 600 per sq.ft (2024)
• Vatchala Garden: Rs 500 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Vinoth Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. 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 Vinoth Nagar?

The Sub Registrar Office that covers Vinoth Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kavanur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is regularly revised to reflect changes in the market.

When you buy or sell property in Kavanur, the guideline value ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Vinoth Nagar?

The current guideline value of Vinoth Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 60 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then dropping to Rs 469 per sq.ft in 2017, and remaining at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Vinoth Nagar?

Vinoth Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the registration office for Vinoth Nagar?

The registration office for Vinoth Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Vinoth Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.