Guideline Value for Vittal Street(gnanamurthy nagar)

Vittal Street(gnanamurthy nagar) guideline value

The current guideline value of Vittal Street(gnanamurthy nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vittal Street(gnanamurthy nagar) has changed

The guideline value for Vittal Street(gnanamurthy nagar) has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,600 per sq.ft, which was then reduced to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,600 per sq.ft in the 2023 revision, and finally, the current value is Rs 1,700 per sq.ft as per the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a significant increase of 49%. The latest change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Vittal Street(gnanamurthy nagar) is above this median.

• Vittal Street First Lane: Rs 1,700 per sq.ft (2024)
• VittalRao Street: Rs 1,700 per sq.ft (2024)
• V.O. C. Nagar.: Rs 1,001 per sq.ft (2024)
• V.O.C. Street: Rs 1,001 per sq.ft (2024)
• Venkatraman Street: Rs 1,700 per sq.ft (2024)
• Venkateshwara Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Vittal Street(gnanamurthy nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vittal Street(gnanamurthy nagar)?

The Sub Registrar Office that covers Vittal Street(gnanamurthy nagar) 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 information.

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

The guideline value is a crucial factor when buying or selling property in Menambedu. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Vittal Street(gnanamurthy nagar)?

The current guideline value of Vittal Street(gnanamurthy nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 6% increase.

What is the registration office for Vittal Street(gnanamurthy nagar)?

The registration office for Vittal Street(gnanamurthy nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty rates for property transactions in this area?

The stamp duty rate for property transactions in this area is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

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