Guideline Value for VGN Mahalakshmi Nagar Extension-X

VGN Mahalakshmi Nagar Extension-X guideline value

The current guideline value for VGN Mahalakshmi Nagar Extension-X is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, and it falls under the Mixed Special Type - I land classification.

How the guideline value of VGN Mahalakshmi Nagar Extension-X has changed

In the 2023 revision, the guideline value was Rs 6,500 per sq.ft. This represents an increase of 9% to the current 2024 figure of Rs 7,100 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there are no recorded figures for the guideline value from the previous years mentioned. The changes from 2023 to 2024 indicate a significant adjustment in the value assigned to this property.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. VGN Mahalakshmi Nagar Extension-X's current guideline value is above this median.

• VGN Mahalakshmi Nagar Extn. (IV): Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagar Extn- IX: Rs 7,100 per sq.ft (2024)
• VGN Mahalakshmi Nagar Extn. (V): Rs 3,100 per sq.ft (2024)
• Vgn Mahalakshmi Nagar Phase-XI: Rs 7,463 per sq.ft (2024)
• V.G.N Mahalakshmi Nagar Phase-Xiv: Rs 5,000 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VII: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in VGN Mahalakshmi Nagar Extension-X

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers VGN Mahalakshmi Nagar Extension-X?

The Konnur Sub Registrar Office covers VGN Mahalakshmi Nagar Extension-X. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees applicable on the transaction.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for VGN Mahalakshmi Nagar Extension-X?

The current guideline value for VGN Mahalakshmi Nagar Extension-X is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision of Rs 6,500 per sq.ft, the guideline value increased by 9% to Rs 7,100 per sq.ft in the 2024 revision.

What are the other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include VGN Mahalakshmi Nagar Extn. (IV), VGN Mahalakshmi Nagar Extn- IX, VGN Mahalakshmi Nagar Extn. (V), Vgn Mahalakshmi Nagar Phase-XI, V.G.N Mahalakshmi Nagar Phase-Xiv, and VGN Mahalakshmi Nagr Ext VII, each with varying guideline values.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at the rate of 7%.