Guideline Value for VGN WATER GARDENS

Vgn Water Gardens guideline value

The current guideline value of Vgn Water Gardens is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vgn Water Gardens has changed

The guideline value for Vgn Water Gardens has remained consistent at Rs 700 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

From the 2023 to 2024 revision, there was no change in the guideline value, maintaining a steady rate of Rs 700 per sq.ft. This stability indicates that the valuation for this street has not fluctuated over the recent years.

Guideline values in Athur B Block

Athur B Block features 79 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value is Rs 700 per sq.ft, aligning perfectly with the guideline value of Vgn Water Gardens.

• Venkateswara Nagar: Rs 500 per sq.ft (2024)
• Vijayanagar Extention: Rs 1,000 per sq.ft (2024)
• VKR Gardens: Rs 1,440 per sq.ft (2024)
• Vasantham Nagar Phase1,2,3: Rs 700 per sq.ft (2024)
• Vasantham Nagar Extn: Rs 800 per sq.ft (2024)
• V.R.K. Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Water Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vgn Water Gardens?

The Sub Registrar Office that covers Vgn Water Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role during the registration of property transactions in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with the local regulations.

When buying or selling property, the guideline value is referenced to assess the financial obligations involved in the transaction. It is essential for buyers and sellers to be aware of this value to understand the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Vgn Water Gardens?

The current guideline value of Vgn Water Gardens is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. There have been no recorded figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Vgn Water Gardens?

The land classification for Vgn Water Gardens is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Vgn Water Gardens?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value.

Which Sub Registrar Office covers the area of Vgn Water Gardens?

The Chengleput Joint II Sub Registrar Office covers Vgn Water Gardens, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.