Guideline Value for VGN HORIZON

Vgn Horizon guideline value

The current guideline value of Vgn Horizon in Vilingiyambakkam village is Rs 4,400 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Special Type - V.

How the guideline value of Vgn Horizon has changed

The guideline value for Vgn Horizon has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no figures available for the specified years. The increase from Rs 4,000 to Rs 4,400 reflects the current valuation for this street as of the latest revision.

Guideline values in Vilingiyambakkam

Vilingiyambakkam has a total of 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in this village is Rs 935 per sq.ft, placing Vgn Horizon's 2024 figure above that median.

• V.G.N. Crofton Gardens Extension: Rs 2,640 per sq.ft (2024)
• Vgn Crofton Gardens: Rs 2,640 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 Horizon

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, and the registration fee at 2% would be Rs 88,000, leading to a total of 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 Horizon?

The Vgn Horizon 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 details.

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

The guideline value plays a crucial role in the registration process of properties in Vilingiyambakkam. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value helps in establishing a fair basis for the transaction and is often referenced during negotiations.

Frequently asked questions

What is the current guideline value of Vgn Horizon?

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

How much has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, reflecting a change of +10%.

What is the land classification of Vgn Horizon?

Vgn Horizon is classified as Residential Special Type - V, indicating its designation for residential development.

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

The Avadi Sub Registrar Office covers Vgn Horizon and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are calculated based on a standardized valuation, which is crucial for legal documentation.