Guideline Value for VGN BRILLIANZE P-ii

VGN BRILLIANZE P-ii guideline value

The current guideline value of VGN BRILLIANZE P-ii is Rs 3,520 per sq.ft, effective from 1 July 2024. This property is located in Moolacheri village, under the Pallavaram SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of VGN BRILLIANZE P-ii has changed

The guideline value for VGN BRILLIANZE P-ii has undergone several revisions. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is an increase from the 2023 revision of Rs 3,200 per sq.ft, reflecting a change of +10%. Prior to 2023, there are no recorded figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

The 2024 revision shows a notable increase compared to the previous year, indicating a shift in the valuation of properties in this area. The 2023 figure of Rs 3,200 per sq.ft was the last known value before the recent increase, demonstrating a consistent upward adjustment in the guideline value.

Guideline values in Moolacheri

In Moolacheri, there are 17 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,710 per sq.ft, placing the 2024 value of VGN BRILLIANZE P-ii above this median.

• Vgn Brillianze: Rs 4,400 per sq.ft (2024)
• Vettri Nagar: Rs 1,980 per sq.ft (2024)
• Vembuilamman Koil Street: Rs 1,100 per sq.ft (2024)
• Sri Selva Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Serene Avenue: Rs 4,400 per sq.ft (2024)
• Sathyam Golden Nest: Rs 2,710 per sq.ft (2024)

Stamp duty and registration fee for property in VGN BRILLIANZE P-ii

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers VGN BRILLIANZE P-ii?

The VGN BRILLIANZE P-ii property falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs for buyers and sellers.

When buying or selling property in Moolacheri, it is essential to be aware of the current guideline value to ensure compliance with the registration requirements. This helps in understanding the financial implications associated with the transaction.

Frequently asked questions

What is the current guideline value of VGN BRILLIANZE P-ii?

The current guideline value of VGN BRILLIANZE P-ii is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a change of +10%.

What is the land classification for VGN BRILLIANZE P-ii?

The land classification for VGN BRILLIANZE P-ii is Mixed Special Type - III.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in VGN BRILLIANZE P-ii?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400.