Guideline Value for VGN WEST FIELD

Vgn West Field guideline value

The current guideline value of Vgn West Field in Vilingiyambakkam village is Rs 3,130 per sq.ft, effective from 1 July 2024. This property falls under the Avadi Sub Registrar Office and is classified as Residential Special Type - III.

How the guideline value of Vgn West Field has changed

The guideline value for Vgn West Field has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,130 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,850 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last recorded figure was Rs 2,850 per sq.ft. This indicates a significant upward adjustment in the guideline value from 2023 to 2024, reflecting changes in the real estate landscape in the area.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Vgn West Field's 2024 figure above this median.

• Vgn Spring Field Phase II: Rs 1,950 per sq.ft (2024)
• 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 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 West Field

For a 1,000 sq.ft plot at the current rate of Rs 3,130 per sq.ft, the guideline value amounts to Rs 31,30,000. The stamp duty at 7% would be Rs 2,19,100, while the registration fee at 2% would be Rs 62,600, totaling Rs 2,81,700. 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 detailed calculations.

Which Sub Registrar Office covers Vgn West Field?

The Vgn West Field property falls under the jurisdiction of 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 when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Vgn West Field?

The current guideline value of Vgn West Field is Rs 3,130 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased by 10% from Rs 2,850 per sq.ft in 2023 to Rs 3,130 per sq.ft in 2024.

What is the land classification of Vgn West Field?

Vgn West Field is classified as Residential Special Type - III.

What are the stamp duty and registration fees for Vgn West Field?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,81,700, based on the current guideline value.

Which office handles registrations for Vgn West Field?

The Avadi Sub Registrar Office handles registrations for Vgn West Field, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.