Guideline Value for Vinoth Vineksha

Vinoth Vineksha guideline value

The current guideline value of Vinoth Vineksha is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in 1. Nolambur village under the Villivakkam SRO, classified as Residential Special Type - I.

How the guideline value of Vinoth Vineksha has changed

The guideline value for Vinoth Vineksha has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 4,355 per sq.ft. This increased to Rs 6,500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 sets the guideline value at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, which is equal to the guideline value of Vinoth Vineksha.

• Vivekanandhar Street: Rs 5,500 per sq.ft (2024)
• Vignesh Nagar Phase I & II: Rs 7,100 per sq.ft (2024)
• Vignesh Nagar: Rs 7,100 per sq.ft (2024)
• V.G.N.Zodiac Ville: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I,II,III: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vinoth Vineksha

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vinoth Vineksha?

The Villivakkam Sub Registrar Office covers Vinoth Vineksha. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a critical factor during property registration in 1. Nolambur. It determines the amount of stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark that ensures the transaction is recorded at a fair value, reflecting the current market conditions as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Vinoth Vineksha?

The current guideline value of Vinoth Vineksha is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. This represents an overall increase of 63% from 2017 to 2024.

What is the registration office for Vinoth Vineksha?

The registration office for Vinoth Vineksha is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Vinoth Vineksha?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 71,00,000, the stamp duty at 7% would be Rs 4,97,000.

What is the land classification for Vinoth Vineksha?

Vinoth Vineksha is classified as Residential Special Type - I under the Villivakkam SRO in Tamil Nadu.