Guideline Value for V.G.N. MONTE CARLO

V.G.N. Monte Carlo guideline value

The current guideline value of V.G.N. Monte Carlo 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. Monte Carlo has changed

The guideline value for V.G.N. Monte Carlo has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 63%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not recorded during those revisions.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO with a guideline value range from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which is the same as the current value for V.G.N. Monte Carlo.

• V.G.N Minaurva: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I,II,III: Rs 7,100 per sq.ft (2024)
• V.G.N LA Parisienme: Rs 7,100 per sq.ft (2024)
• V.G.N Garden: Rs 7,100 per sq.ft (2024)
• V.G.N Enclave: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.N. Monte Carlo

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be 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. Please note that the 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. Monte Carlo?

The V.G.N. Monte Carlo property falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To locate your SRO, 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 property in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When properties are bought or sold, the guideline value helps in assessing the financial obligations related to the transaction. It is essential for both parties to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of V.G.N. Monte Carlo?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. Overall, this marks a 63% increase from 2017 to 2024.

What are the other streets with the same guideline value?

Other streets in 1. Nolambur with the same guideline value of Rs 7,100 per sq.ft include V.G.N Minaurva, V.G.N Nagar Phase I, V.G.N Nagar Phase I,II,III, V.G.N LA Parisienme, V.G.N Garden, and V.G.N Enclave.

What is the registration office for V.G.N. Monte Carlo?

The registration office for V.G.N. Monte Carlo is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in V.G.N. Monte Carlo?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000.