Guideline Value for VGN BLOOMING DALE PHASE -II

Vgn Blooming Dale Phase -II guideline value

The current guideline value for Vgn Blooming Dale Phase -II is Rs 750 per sq.ft. 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 Blooming Dale Phase -II has changed

The guideline value for Vgn Blooming Dale Phase -II has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision increased the value to Rs 502 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 49% back to Rs 750 per sq.ft, and has remained at this figure through the 2024 revision.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 750 per sq.ft.

Guideline values in Kongkaddu

In Kongkaddu village, there are 7 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft. The median value for these streets is Rs 896 per sq.ft, placing Vgn Blooming Dale Phase -II below this median.

• Vgn Blooming Dale Phase -I: Rs 750 per sq.ft (2024)
• Vgn Bloming Dale: 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 Blooming Dale Phase -II

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 to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vgn Blooming Dale Phase -II?

The Vgn Blooming Dale Phase -II is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kongkaddu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Vgn Blooming Dale Phase -II?

The current guideline value for Vgn Blooming Dale Phase -II 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 in the revisions of 2012, 2023, and 2024. It was Rs 502 per sq.ft in 2017, which was a decrease from the 2012 figure.

What are the other streets in Kongkaddu with their guideline values?

Other streets in Kongkaddu have guideline values ranging from Rs 750 to Rs 1,000 per sq.ft. The median value for these streets is Rs 896 per sq.ft.

What are the stamp duty and registration fees for properties in Vgn Blooming Dale Phase -II?

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.

Which office handles the registration for Vgn Blooming Dale Phase -II?

The Chengleput Joint II Sub Registrar Office handles the registration for Vgn Blooming Dale Phase -II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.