Guideline Value for V.G.N.Zodiac Ville

V.G.N.Zodiac Ville guideline value

The current guideline value for V.G.N.Zodiac Ville 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 falls under the land classification of Residential Special Type - I.

How the guideline value of V.G.N.Zodiac Ville has changed

The guideline value for V.G.N.Zodiac Ville has undergone several revisions. The oldest recorded figure is from 2017, where the value was Rs 4,355 per sq.ft. This increased to Rs 6,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. In the most recent 2024 revision, the guideline value further increased to Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 7,100 per sq.ft, which is equal to the 2024 figure for V.G.N.Zodiac Ville.

• V.G.N Nagar Phase I,II,III: Rs 7,100 per sq.ft (2024)
• V.G.N Nagar Phase I: Rs 7,100 per sq.ft (2024)
• V.G.N. Monte Carlo: Rs 7,100 per sq.ft (2024)
• V.G.N Minaurva: 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)

Stamp duty and registration fee for property in V.G.N.Zodiac Ville

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 fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.N.Zodiac Ville?

The Sub Registrar Office that covers V.G.N.Zodiac Ville is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for V.G.N.Zodiac Ville?

The current guideline value for V.G.N.Zodiac Ville 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 changed 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, marking an overall increase of 63% from 2017 to 2024.

What are the stamp duty and registration fees for V.G.N.Zodiac Ville?

For a 1,000 sq.ft plot, the guideline value is Rs 71,00,000. The stamp duty would be Rs 4,97,000, and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles registrations for V.G.N.Zodiac Ville?

The Villivakkam Sub Registrar Office is responsible for registrations in V.G.N.Zodiac Ville, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined in 1. Nolambur?

The guideline value in 1. Nolambur is determined based on various factors, including land classification and location. It is regularly revised to reflect current market conditions and is used to calculate stamp duty and registration fees for property transactions.