Guideline Value for VGN BLOMING DALE

Vgn Bloming Dale guideline value

The current guideline value of Vgn Bloming Dale is Rs 750 per sq.ft, effective from 1 July 2024. This property is located in Kongkaddu village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Vgn Bloming Dale has changed

Over the years, the guideline value for Vgn Bloming Dale has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value decreased to Rs 502 per sq.ft, marking a 33% drop from the previous revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 750 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 750 per sq.ft, indicating no change from the 2023 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kongkaddu

Kongkaddu village has a range of guideline values, with figures for 2024 ranging from Rs 750 to Rs 1,000 per sq.ft. The median value for the village is Rs 896 per sq.ft, placing Vgn Bloming Dale's 2024 figure below this median.

• Vgn Blooming Dale Phase -I: Rs 750 per sq.ft (2024)
• Vgn Blooming Dale Phase -II: Rs 750 per sq.ft (2024)
• Vgn Abhivrudhi: Rs 896 per sq.ft (2024)
• Sri Yoga Hayagrivar Vijayam Sowbhagya Housing Co: Rs 1,000 per sq.ft (2024)
• V.G.N. Abhivrudhi Phase -2: Rs 900 per sq.ft (2024)
• Vgn Viruksham: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Bloming Dale

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vgn Bloming Dale?

The Sub Registrar Office that covers Vgn Bloming Dale is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kongkaddu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is used to determine the applicable fees, which are calculated based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Vgn Bloming Dale?

The current guideline value of Vgn Bloming Dale is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a decrease to Rs 502 per sq.ft in 2017 and an increase back to Rs 750 per sq.ft in 2023. The 2024 revision has maintained this value.

What is the land classification for Vgn Bloming Dale?

Vgn Bloming Dale is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Vgn Bloming Dale?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Vgn Bloming Dale?

The Chengleput Joint II Sub Registrar Office handles registrations for Vgn Bloming Dale, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.