Guideline Value for V.G.N LA Parisienme

V.G.N LA Parisienme guideline value

The current guideline value of V.G.N LA Parisienme is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in 1. Nolambur village, under the Villivakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of V.G.N LA Parisienme has changed

The guideline value for V.G.N LA Parisienme has seen several revisions over the years. Starting from the 2017 revision, the value was Rs 4,355 per sq.ft. It increased to Rs 6,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the guideline value for V.G.N LA Parisienme.

• V.G.N Garden: Rs 7,100 per sq.ft (2024)
• V.G.N Enclave: Rs 7,100 per sq.ft (2024)
• V.G.N Minaurva: Rs 7,100 per sq.ft (2024)
• V.G.N. Monte Carlo: Rs 7,100 per sq.ft (2024)
• V.G.N Avenue Phase IV: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.N LA Parisienme

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost to Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.N LA Parisienme?

The V.G.N LA Parisienme property falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor when registering a property in 1. Nolambur. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of V.G.N LA Parisienme?

The current guideline value of V.G.N LA Parisienme is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 4,355 per sq.ft to Rs 7,100 per sq.ft in 2024. This represents an overall increase of 63% over the seven years.

What are the stamp duty and registration fees for properties in V.G.N LA Parisienme?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 71,00,000, the total stamp duty and registration fees would amount to Rs 6,39,000.

Which Sub Registrar Office covers V.G.N LA Parisienme?

The Villivakkam Sub Registrar Office covers V.G.N LA Parisienme, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for V.G.N LA Parisienme?

V.G.N LA Parisienme is classified as Residential Special Type - I, indicating its suitability for residential development.