Guideline Value for VGN SOUTHERN MEADOWS PHASE - II

Vgn Southern Meadows Phase - II guideline value

The current guideline value of Vgn Southern Meadows Phase - II is Rs 2,956 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Mixed Type - III land.

How the guideline value of Vgn Southern Meadows Phase - II has changed

The guideline value for Vgn Southern Meadows Phase - II has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision was in 2023, where the guideline value was Rs 2,687 per sq.ft, which increased to Rs 2,956 per sq.ft in 2024, marking a 10% rise.

Prior to the 2023 revision, there was no recorded guideline value for this street in the years mentioned. The 2024 figure reflects an increase from the previous year, indicating a significant change in the guideline value.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, and Vgn Southern Meadows Phase - II's 2024 figure is above that median.

• VGN Southern Fortune: Rs 3,612 per sq.ft (2024)
• Vgn Southern County Phase - III: Rs 1,980 per sq.ft (2024)
• Vgn Southern County Phase - I: Rs 1,980 per sq.ft (2024)
• Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
• V.G.N. Southeran Meadows Phase - III: Rs 2,463 per sq.ft (2024)
• Vgn Homes Pvt Ltd: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Southern Meadows Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,956 per sq.ft, the total guideline value amounts to Rs 29,56,000. The stamp duty at 7% would be Rs 2,06,920, and the registration fee at 2% would be Rs 59,120, making the total fees together Rs 2,66,040. It is important to 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Vgn Southern Meadows Phase - II?

The Vgn Southern Meadows Phase - II is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is utilized by the registration office to calculate applicable stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Vgn Southern Meadows Phase - II?

The current guideline value of Vgn Southern Meadows Phase - II is Rs 2,956 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,687 per sq.ft in 2023 to Rs 2,956 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, with Vgn Southern Meadows Phase - II's current value being above this median.

What are the stamp duty and registration fees for Vgn Southern Meadows Phase - II?

The stamp duty for a property valued at Rs 29,56,000 is Rs 2,06,920, and the registration fee is Rs 59,120, totaling Rs 2,66,040. These fees are calculated based on the guideline value.

Which office handles the registration for Vgn Southern Meadows Phase - II?

The Chengleput Joint II Sub Registrar Office handles the registration for Vgn Southern Meadows Phase - II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.