Guideline Value for VGN ORVILLE

Vgn Orville guideline value

The current guideline value of Vgn Orville is Rs 3,285 per sq.ft, effective from 1 July 2024. This property is located in Kolapakkam village, under the Pammal SRO, and is classified as Mixed Type - II land.

How the guideline value of Vgn Orville has changed

The guideline value for Vgn Orville has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 2,000 per sq.ft. The latest revision in 2024 has increased this value to Rs 3,285 per sq.ft, marking a substantial increase of 64% from the 2017 figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has risen from Rs 2,000 per sq.ft in 2017 to Rs 3,285 per sq.ft in 2024. This change reflects the current valuation trends for properties in the area.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a guideline value for 2024 ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. Vgn Orville's guideline value of Rs 3,285 per sq.ft is above this median, indicating its relative position in the market.

• Vgn Orvillee Extension-I: Rs 4,600 per sq.ft (2024)
• Vgn Orville Extension II: Rs 4,600 per sq.ft (2024)
• VGN LakshmiNagar: Rs 2,200 per sq.ft (2024)
• Venkateswara Nagar: Rs 2,750 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Vembuliamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Orville

For a 1,000 sq.ft plot at the current guideline value of Rs 3,285 per sq.ft, the total guideline value amounts to Rs 32,85,000. The stamp duty at 7% would be Rs 2,29,950, and the registration fee at 2% would be Rs 65,700, bringing the total to Rs 2,95,650. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgn Orville?

The Vgn Orville property falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kolapakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value is often used as a benchmark for property transactions in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is compliant with local regulations. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Vgn Orville?

The current guideline value of Vgn Orville is Rs 3,285 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 3,285 per sq.ft in 2024, which is a rise of 64%.

Are there any years without a guideline value for Vgn Orville?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Vgn Orville.

What is the registration office for Vgn Orville?

The registration office for Vgn Orville is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Vgn Orville?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 32,85,000, the stamp duty at 7% would amount to Rs 2,29,950.