Guideline Value for Winfield Layout

Winfield Layout guideline value

The current guideline value of Winfield Layout, located in Naduveerapattu village under the Padappai SRO, is Rs 550 per sq.ft. This value is effective from 1 July 2024 and falls under Residential Class I Type - I land classification.

How the guideline value of Winfield Layout has changed

The guideline value for Winfield Layout has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 335 per sq.ft. This value increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with the 2024 guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, indicating that Winfield Layout's 2024 figure of Rs 550 per sq.ft is below this median.

• Vinnarasi Street: Rs 660 per sq.ft (2024)
• Vinfield Layout: Rs 550 per sq.ft (2024)
• Venugopal Nagar: Rs 440 per sq.ft (2024)
• Venkatajalapathy Avenue: Rs 550 per sq.ft (2024)
• Vellalar Street: Rs 550 per sq.ft (2024)
• Vanavil S.K.Avenue Part - VII: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Winfield Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 Winfield Layout?

The Winfield Layout is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Winfield Layout?

The current guideline value for Winfield Layout is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Winfield Layout?

The stamp duty rate for properties in Winfield Layout is 7% of the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the other streets in Naduveerapattu?

Other streets in Naduveerapattu include Vinnarasi Street, Venugopal Nagar, Venkatajalapathy Avenue, Vellalar Street, and Vanavil S.K.Avenue Part - VII, with varying guideline values.