Guideline Value for VGN BRILLIANZE

Vgn Brillianze guideline value

The current guideline value of Vgn Brillianze is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Moolacheri village, under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Mixed Special Type - I.

How the guideline value of Vgn Brillianze has changed

Looking at the revisions, the guideline value for Vgn Brillianze has seen notable changes over the years. The 2017 revision recorded a value of Rs 3,000 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 4,400 per sq.ft, marking a significant rise of 47% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 47%. It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Moolacheri

In Moolacheri, there are 17 streets under the Pallavaram SRO with 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 Vgn Brillianze's 2024 figure above this median.

• VGN BRILLIANZE P-ii: Rs 3,520 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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 Vgn Brillianze?

The Vgn Brillianze 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 further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Moolacheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When you register a property, the guideline value is compared with the sale price, and the higher amount is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Vgn Brillianze?

The current guideline value of Vgn Brillianze is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 47%, rising from Rs 3,000 per sq.ft to Rs 4,400 per sq.ft.

What are the guideline values of other streets in Moolacheri?

Other streets in Moolacheri have varying guideline values, ranging from Rs 1,100 to Rs 4,400 per sq.ft as of 2024. The median value for these streets is Rs 2,710 per sq.ft.

What is the registration fee for property in Vgn Brillianze?

The registration fee for property in Vgn Brillianze is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for Vgn Brillianze?

The Sub Registrar Office covering Vgn Brillianze is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details by using the provided link to locate your SRO.