Guideline Value for VGN Mahalakshmi Nagar Extn- IX

VGN Mahalakshmi Nagar Extn- IX guideline value

The current guideline value of VGN Mahalakshmi Nagar Extn- IX is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, classified as Mixed Special Type - I.

How the guideline value of VGN Mahalakshmi Nagar Extn- IX has changed

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

Thus, the only revisions recorded for VGN Mahalakshmi Nagar Extn- IX are for 2023 and 2024, reflecting a significant rise in the guideline value over this period.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value range from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, making the current guideline value of VGN Mahalakshmi Nagar Extn- IX above the median.

• VGN Mahalakshmi Nagar Extn. (IV): Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagar Extn. (V): Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagar Extension-X: Rs 7,100 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 Extn- IX

For a 1,000 sq.ft plot at the current rate, 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 higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VGN Mahalakshmi Nagar Extn- IX?

The VGN Mahalakshmi Nagar Extn- IX falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in 44.Ayanambakkam. It serves as the minimum value for registration purposes, ensuring that the property is registered at a fair value.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of VGN Mahalakshmi Nagar Extn- IX?

The current guideline value of VGN Mahalakshmi Nagar Extn- IX is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision, where the guideline value was Rs 6,500 per sq.ft, there has been a 9% increase to Rs 7,100 per sq.ft in the 2024 revision.

What is the land classification of VGN Mahalakshmi Nagar Extn- IX?

VGN Mahalakshmi Nagar Extn- IX is classified as Mixed Special Type - I under the Konnur SRO.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for VGN Mahalakshmi Nagar Extn- IX?

The Konnur Sub Registrar Office is responsible for handling registrations for VGN Mahalakshmi Nagar Extn- IX, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.