Guideline Value for WINWIN NAGAR

Winwin Nagar guideline value

The current guideline value of Winwin Nagar, located in Elliyampedu 2 village, under the Ponneri Sub Registrar Office, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Winwin Nagar has changed

Looking at the revisions, the guideline value for Winwin Nagar has remained consistent at Rs 100 per sq.ft for both the 2023 and 2024 revisions. This indicates that there has been no change in the guideline value for this street over the last two years. For earlier revisions, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002, meaning no guideline values were established for Winwin Nagar during those periods.

To summarize, the guideline value for Winwin Nagar has been Rs 100 per sq.ft since at least 2023, and it will continue to be the same in 2024. The absence of figures in earlier revisions suggests that there has been a lack of updates or assessments for this street in the past.

Guideline values in Elliyampedu 2

Currently, there are no specific guideline values provided for other streets in Elliyampedu 2 village under the Ponneri SRO. Winwin Nagar is the only street mentioned with a defined guideline value.

Stamp duty and registration fee for property in Winwin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Winwin Nagar?

The Winwin Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Elliyampedu 2

The guideline value plays a crucial role in the property registration process in Elliyampedu 2. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Understanding this value can help in budgeting for the overall expenses involved in the buying or selling process.

Frequently asked questions

What is the current guideline value of Winwin Nagar?

The current guideline value of Winwin Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Winwin Nagar?

Winwin Nagar is classified as Residential Class II Type - I. This classification indicates the type of development permitted in the area.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone.

How is stamp duty calculated in Winwin Nagar?

Stamp duty in Winwin Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.