Guideline Value for WINWILLA NAGAR

Winwilla Nagar guideline value

The current guideline value of Winwilla Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Winwilla Nagar has changed

The guideline value of Winwilla Nagar has undergone several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. Following this, the value increased to Rs 250 per sq.ft in the 2023 revision and remained at this level in the 2024 revision, showing no percentage change between these two years.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO, with guideline values ranging from Rs 175 to Rs 1,201 per sq.ft. The median guideline value is Rs 250 per sq.ft, positioning Winwilla Nagar's 2024 figure at this median.

• Vigneswara Nagar: Rs 226 per sq.ft (2024)
• Vidhya Nagar: Rs 250 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Vasathi Nagar: Rs 200 per sq.ft (2024)
• Vaishnavi Nagar: Rs 250 per sq.ft (2024)
• Thirumalai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Winwilla Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Winwilla Nagar?

The Sub Registrar Office that covers Winwilla Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor when registering property transactions in Kizhnallathur & Melnallathur. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that all transactions are in compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Winwilla Nagar?

The current guideline value of Winwilla Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 250 per sq.ft, dropping to Rs 167 per sq.ft in 2017, then rising back to Rs 250 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value in Kizhnallathur & Melnallathur?

The median guideline value in Kizhnallathur & Melnallathur is Rs 250 per sq.ft, with Winwilla Nagar's 2024 figure aligning with this median.

What fees are associated with property registration in Winwilla Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Winwilla Nagar located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.