Guideline Value for VGN SOUTHERN MEADOWS PHASE IV

Vgn Southern Meadows Phase IV guideline value

The current guideline value for Vgn Southern Meadows Phase IV is Rs 2,239 per sq.ft. This property is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - II.

How the guideline value of Vgn Southern Meadows Phase IV has changed

The guideline value for Vgn Southern Meadows Phase IV has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 2,239 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,500 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and also from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the guideline value has increased from Rs 1,500 in 2017 to Rs 2,239 in 2024, reflecting a consistent value since 2023.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this village is Rs 800 per sq.ft, placing Vgn Southern Meadows Phase IV above the median.

• V.G.N. Southern County Phase-II: Rs 600 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 500 per sq.ft (2024)
• Vinoth Nagar: Rs 700 per sq.ft (2024)
• Vatchala Garden: Rs 500 per sq.ft (2024)
• Vrk Avenue: Rs 1,000 per sq.ft (2024)
• Vaishnavi Nagar: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty is calculated at 7%, totaling Rs 1,56,730, while the registration fee at 2% amounts to Rs 44,780. Together, the total cost for stamp duty and registration fee is Rs 2,01,510. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgn Southern Meadows Phase IV?

The Vgn Southern Meadows Phase IV is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the overall transaction cost. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Vgn Southern Meadows Phase IV is Rs 2,239 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 by 49%, rising from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft in 2024. The value has remained stable at Rs 2,239 since the 2023 revision.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur is Rs 800 per sq.ft. Vgn Southern Meadows Phase IV's current guideline value is above this median.

What are the stamp duty rates for properties in Vgn Southern Meadows Phase IV?

The stamp duty for properties in Vgn Southern Meadows Phase IV is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vgn Southern Meadows Phase IV?

The Sub Registrar Office covering Vgn Southern Meadows Phase IV is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.