Guideline Value for V.G.N. CROFTON GARDENS EXTENSION

V.G.N. Crofton Gardens Extension guideline value

The current guideline value of V.G.N. Crofton Gardens Extension is Rs 2,640 per sq.ft, effective from 1 July 2024. This property is located in Vilingiyambakkam village under the Avadi SRO, with a land classification of Mixed Special Type - II.

How the guideline value of V.G.N. Crofton Gardens Extension has changed

The guideline value for V.G.N. Crofton Gardens Extension has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 2,400 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,640 per sq.ft, reflecting a change of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value in this area is Rs 935 per sq.ft, indicating that V.G.N. Crofton Gardens Extension's 2024 value is above this median.

• Vgn Crofton Gardens: Rs 2,640 per sq.ft (2024)
• Vgn Horizon: Rs 4,400 per sq.ft (2024)
• Vgn Sparkle Phase - I: Rs 2,200 per sq.ft (2024)
• Vgn Sparkle Phase - II: Rs 2,200 per sq.ft (2024)
• Vgn Sparkle Phase - III: Rs 2,200 per sq.ft (2024)
• Vgn Spring Field Phase II: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.N. Crofton Gardens Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees to Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.G.N. Crofton Gardens Extension?

The V.G.N. Crofton Gardens Extension falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It determines the minimum value at which a property can be registered, thereby influencing the stamp duty and registration fees payable by the buyer.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures compliance with local regulations and helps in calculating the associated costs accurately.

Frequently asked questions

What is the current guideline value of V.G.N. Crofton Gardens Extension?

The current guideline value of V.G.N. Crofton Gardens Extension is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,400 per sq.ft from 2017 to 2023 and increased to Rs 2,640 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for V.G.N. Crofton Gardens Extension?

The land classification for V.G.N. Crofton Gardens Extension is Mixed Special Type - II.

Which Sub Registrar Office handles registrations for V.G.N. Crofton Gardens Extension?

The Avadi Sub Registrar Office handles registrations for V.G.N. Crofton Gardens Extension, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in V.G.N. Crofton Gardens Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800.