Guideline Value for Vinus garden

Vinus garden guideline value

The current guideline value of Vinus garden is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Vinus garden has changed

The guideline value for Vinus garden has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 700 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the current 2024 figure, there has been an increase of 49% in the guideline value.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Vinus garden.

• Vishnuprakash Nagar: Rs 700 per sq.ft (2024)
• Vinayaga nagar: Rs 700 per sq.ft (2024)
• Vimala Nagar: Rs 700 per sq.ft (2024)
• Vivekanandapuram: Rs 700 per sq.ft (2024)
• Vijaya Sankara Nagar: Rs 700 per sq.ft (2024)
• V P Chatram: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vinus garden

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 be Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total cost of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vinus garden?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vinus garden?

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

How has the guideline value changed over the years?

The guideline value for Vinus garden has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase.

What is the land classification of Vinus garden?

Vinus garden is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Vinus garden?

For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Vinus garden?

The Sub Registrar Office that covers Vinus garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.