Guideline Value for VGN CH 40

Vgn Ch 40 guideline value

The current guideline value of Vgn Ch 40 is Rs 11,000 per sq.ft, effective from 1 July 2024. This property is located in Padi village, under the Villivakkam SRO, and is classified as Mixed Type - II land.

How the guideline value of Vgn Ch 40 has changed

The guideline value for Vgn Ch 40 has been consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 11,000 per sq.ft, which remained unchanged in the 2024 revision.

Between the 2023 and 2024 revisions, there was a change of +0%. This indicates that the guideline value has remained stable at Rs 11,000 per sq.ft for the last two years.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Vgn Ch 40's 2024 figure above the median.

• Vgn Ch 40 Phase II: Rs 12,700 per sq.ft (2024)
• Vellala Street: Rs 5,400 per sq.ft (2024)
• V.O.C.Nagar: Rs 3,400 per sq.ft (2024)
• W-Block "a" Sector: Rs 8,700 per sq.ft (2024)
• W-Block "b" Sector: Rs 8,700 per sq.ft (2024)
• W-Block "c" Sector: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Ch 40

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, resulting in a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vgn Ch 40?

The Vgn Ch 40 property is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Padi. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, it is essential to consider the guideline value as it directly affects the costs associated with registration. Understanding the guideline value helps in making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Vgn Ch 40?

The current guideline value of Vgn Ch 40 is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been stable at Rs 11,000 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Vgn Ch 40?

Vgn Ch 40 is classified as Mixed Type - II land. This classification can affect the usage and potential development of the property.

What are the stamp duty and registration fees for Vgn Ch 40?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles the registration for Vgn Ch 40?

The registration for Vgn Ch 40 is handled by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.