Guideline Value for WINS LAND

Wins Land guideline value

The current guideline value for Wins Land in Pammathukulam village is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I classification and is registered with the Redhills Sub Registrar Office (SRO).

How the guideline value of Wins Land has changed

The guideline value for Wins Land has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, the value increased to Rs 600 per sq.ft again in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

When analyzing the changes, the guideline value increased by 49% from 2017 to 2023. Additionally, the overall change from 2012 to 2024 reflects a modest increase of 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pammathukulam

Pammathukulam village has a total of 101 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 330 to Rs 825 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, positioning Wins Land above this median.

• Vetri Modern City: Rs 660 per sq.ft (2024)
• Venus Avenue: Rs 660 per sq.ft (2024)
• Velan City - III: Rs 550 per sq.ft (2024)
• Velan City - II: Rs 440 per sq.ft (2024)
• Velan City Annex: Rs 550 per sq.ft (2024)
• Velan City: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Wins Land

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which totals Rs 46,200, and the registration fee is charged at 2%, amounting to Rs 13,200. Together, the total fees would be Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Wins Land?

The Wins Land property is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pammathukulam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are recorded at a standardized value.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Wins Land?

The current guideline value of Wins Land is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Pammathukulam?

The median guideline value for the streets in Pammathukulam is Rs 550 per sq.ft, with Wins Land being above this median at Rs 660 per sq.ft.

What are the stamp duty and registration fees for Wins Land?

For a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft, the total guideline value is Rs 6,60,000. The stamp duty is Rs 46,200 and the registration fee is Rs 13,200, totaling Rs 59,400.

Which office handles the registration for Wins Land?

The registration for Wins Land is handled by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.