Guideline Value for VGN SPRING FIELD PHASE II
₹1950/sq.ft.
The guideline value for Vgn Spring Field Phase Ii in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1950 per sq.ft, effective 1 July 2024. It was Rs 1776 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Vilingiyambakkam
Village
Avadi
SRO
Commercial Special Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1950 /sq.ft. |
| From 1-4-2023 | ₹1776 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1776 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]
DRO (District Registrar Office)
District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]
DIG (Deputy Inspector General)
Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
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Vgn Spring Field Phase II guideline value
The current guideline value of Vgn Spring Field Phase II is Rs 1,950 per sq.ft, effective from 1 July 2024. This property is located in Vilingiyambakkam village, under the Avadi SRO. The land classification for this area is Commercial Special Type - III.
How the guideline value of Vgn Spring Field Phase II has changed
In the 2017 revision, the guideline value was Rs 1,776 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,776 per sq.ft. However, the 2024 revision saw an increase to Rs 1,950 per sq.ft, marking a 10% rise from the previous year. The overall change from 2017 to 2024 reflects a 10% increase.
It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions have shown a consistent trend of no change from 2017 to 2023, followed by a significant adjustment in 2024.
Guideline values in Vilingiyambakkam
Vilingiyambakkam features 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for the village is Rs 935 per sq.ft, placing Vgn Spring Field Phase II above this median.
- Vgn Sparkle Phase - III: Rs 2,200 per sq.ft (2024)
- Vgn Sparkle Phase - II: Rs 2,200 per sq.ft (2024)
- Vgn Sparkle Phase - I: Rs 2,200 per sq.ft (2024)
- Vgn West Field: Rs 3,130 per sq.ft (2024)
- Vgn Horizon: Rs 4,400 per sq.ft (2024)
- V.G.N. Crofton Gardens Extension: Rs 2,640 per sq.ft (2024)
Stamp duty and registration fee for property in Vgn Spring Field Phase II
For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Vgn Spring Field Phase II?
The Vgn Spring Field Phase II is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vilingiyambakkam
The guideline value plays a crucial role in the registration process of property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.
When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.
Frequently asked questions
What is the current guideline value of Vgn Spring Field Phase II?
The current guideline value of Vgn Spring Field Phase II is Rs 1,950 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen a 10% increase from Rs 1,776 per sq.ft in 2017 to Rs 1,950 per sq.ft in 2024. There was no change in the value from 2017 to 2023.
What is the land classification for Vgn Spring Field Phase II?
The land classification for Vgn Spring Field Phase II is Commercial Special Type - III.
Where can I find the registration office for Vgn Spring Field Phase II?
The registration office for Vgn Spring Field Phase II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.
How is the stamp duty calculated for properties in Vgn Spring Field Phase II?
Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,36,500.
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