Guideline Value for V.G.N. Brindavan Garden Extension

V.G.N. Brindavan Garden Extension guideline value

The current guideline value of V.G.N. Brindavan Garden Extension is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of V.G.N. Brindavan Garden Extension has changed

The guideline value for V.G.N. Brindavan Garden Extension has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and further rose to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value for V.G.N. Brindavan Garden Extension is above this median.

• V.G.N. Blooming Garden: Rs 3,520 per sq.ft (2024)
• V.G.N Lakshmi Avenue: Rs 3,520 per sq.ft (2024)
• Vgn Royal Court: Rs 2,970 per sq.ft (2024)
• Vembadi Vinayakar Koil Street (V.V.K.S): Rs 2,860 per sq.ft (2024)
• Viswanathan Palani Street: Rs 2,860 per sq.ft (2024)
• Udhayam Avenue: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.N. Brindavan Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.N. Brindavan Garden Extension?

The V.G.N. Brindavan Garden Extension is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.G.N. Brindavan Garden Extension?

The current guideline value of V.G.N. Brindavan Garden Extension is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for V.G.N. Brindavan Garden Extension?

The land classification for V.G.N. Brindavan Garden Extension is Mixed Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for V.G.N. Brindavan Garden Extension?

The Kunrathur Sub Registrar Office handles registrations for V.G.N. Brindavan Garden Extension, located at No.59, Road Street, Kundrathur, Chennai -600 069.