Guideline Value for VGN CROFTON GARDENS

Vgn Crofton Gardens guideline value

The current guideline value of Vgn Crofton Gardens is Rs 2,640 per sq.ft, effective from 1 July 2024. This property is located in Vilingiyambakkam village under the Avadi Sub Registrar Office (SRO). The land classification for this area is Mixed Special Type - II.

How the guideline value of Vgn Crofton Gardens has changed

The guideline value for Vgn Crofton Gardens has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 2,400 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,400 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,640 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 935 per sq.ft, positioning Vgn Crofton Gardens above this median.

• V.G.N. Crofton Gardens Extension: Rs 2,640 per sq.ft (2024)
• Vgn Horizon: Rs 4,400 per sq.ft (2024)
• Vgn Sparkle Phase - I: Rs 2,200 per sq.ft (2024)
• Vgn Sparkle Phase - II: Rs 2,200 per sq.ft (2024)
• Vgn Sparkle Phase - III: Rs 2,200 per sq.ft (2024)
• Vgn Spring Field Phase II: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Crofton Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, making the total cost for these fees Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Vgn Crofton Gardens?

The Vgn Crofton Gardens area is covered by the Avadi Sub Registrar Office. The address for this office is 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 Vilingiyambakkam

The guideline value is a critical factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Vgn Crofton Gardens?

The current guideline value of Vgn Crofton Gardens is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2017 to Rs 2,640 per sq.ft in 2024, reflecting a 10% increase. There was no change in the 2023 revision, where the value remained at Rs 2,400 per sq.ft.

What is the land classification for Vgn Crofton Gardens?

The land classification for Vgn Crofton Gardens is Mixed Special Type - II, indicating the nature of development permissible in the area.

What are the stamp duty and registration fees for properties in Vgn Crofton Gardens?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,37,600 in fees.

Which Sub Registrar Office handles registrations for Vgn Crofton Gardens?

The Avadi Sub Registrar Office covers registrations for Vgn Crofton Gardens, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.