Guideline Value for VGN BLOOM

Vgn Bloom guideline value

The current guideline value of Vgn Bloom in Sekkadu village, under the Avadi SRO, is Rs 2,680 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - III land classification.

How the guideline value of Vgn Bloom has changed

The guideline value for Vgn Bloom has remained consistent across several revisions. In the 2017 revision, the value was Rs 2,680 per sq.ft, which was the same in the subsequent 2023 revision. The 2024 revision also maintains this figure at Rs 2,680 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has not changed, reflecting a steady valuation of Rs 2,680 per sq.ft throughout this period. The changes between the revisions from 2023 to 2024, as well as from 2017 to 2023, show an increase of 0%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Vgn Bloom is above this median, indicating a higher valuation compared to many other streets in the area.

• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Vijaya Nagar: Rs 1,320 per sq.ft (2024)
• Venkatesan Nagar: Rs 1,320 per sq.ft (2024)
• Viliyanjiyambakkam Road: Rs 2,250 per sq.ft (2024)
• Varadharaja Nagar: Rs 930 per sq.ft (2024)
• Varadhapuri Amman Koil Street: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Bloom

For a 1,000 sq.ft plot at the current guideline value of Rs 2,680 per sq.ft, the total guideline value amounts to Rs 26,80,000. The stamp duty at 7% would be Rs 1,87,600, and the registration fee at 2% would be Rs 53,600, bringing the total cost for these fees to Rs 2,41,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vgn Bloom?

The Vgn Bloom property is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sekkadu. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on a standardized valuation.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vgn Bloom?

The current guideline value of Vgn Bloom is Rs 2,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vgn Bloom has remained unchanged at Rs 2,680 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Vgn Bloom?

Vgn Bloom is classified as Residential Class I Type - III, indicating its designation for residential use within the area.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is 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 Vgn Bloom?

Stamp duty for properties in Vgn Bloom is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,87,600.