Guideline Value for VGN SERENE

Vgn Serene guideline value

The current guideline value of Vgn Serene is Rs 4,730 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Class V Type - V.

How the guideline value of Vgn Serene has changed

The guideline value for Vgn Serene has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,730 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 4,300 per sq.ft. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 4,300 per sq.ft in 2023 to Rs 4,730 per sq.ft in 2024. The register does not have figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Vgn Serene is above this median.

• Ventasubramaniyan Nagar: Rs 1,540 per sq.ft (2024)
• Vigneshwara Nagar: Rs 1,210 per sq.ft (2024)
• Vinayaga Avenue Phase II: Rs 1,540 per sq.ft (2024)
• Vinayagam Avenue Phase - I: Rs 2,630 per sq.ft (2024)
• Vinayagar Nagar Extension: Rs 1,540 per sq.ft (2024)
• Vishal Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Serene

For a 1,000 sq.ft plot at the current guideline value of Rs 4,730 per sq.ft, the total guideline value amounts to Rs 47,30,000. The stamp duty at 7% would be Rs 3,31,100, and the registration fee at 2% would be Rs 94,600, totaling Rs 4,25,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn Serene?

The Vgn Serene property falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Vgn Serene?

The current guideline value of Vgn Serene is Rs 4,730 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 4,300 per sq.ft in 2023 to Rs 4,730 per sq.ft in 2024, marking a 10% increase.

What is the land classification of Vgn Serene?

Vgn Serene is classified as Residential Class V Type - V, which indicates its designation for residential use.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Vgn Serene?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 47,30,000 would incur a stamp duty of Rs 3,31,100.