Guideline Value for VGN WINDSOR PARK PHASE - VI

Vgn Windsor Park Phase - VI guideline value

The current guideline value of Vgn Windsor Park Phase - VI is Rs 2,460 per sq.ft, effective from 1 July 2024. This property is located in Melpakkam village under the Kunrathur SRO, classified as Mixed Type - II land.

How the guideline value of Vgn Windsor Park Phase - VI has changed

The guideline value for Vgn Windsor Park Phase - VI has undergone several revisions since 2017. In 2017, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 2,239 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 saw the value increase to Rs 2,460 per sq.ft, reflecting a change of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Melpakkam

In Melpakkam, there are 17 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,105 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Vgn Windsor Park Phase - VI above this median.

• Vgn Windsor Park Phase V: Rs 2,460 per sq.ft (2024)
• Vgn Windsor Park Phase-VII: Rs 4,105 per sq.ft (2024)
• VGN WINDSOR PARK - Phase IV: Rs 2,460 per sq.ft (2024)
• Vgn Windsor Park Phase III: Rs 1,540 per sq.ft (2024)
• Vgn Windsor Park Phase II: Rs 1,210 per sq.ft (2024)
• Vgn Windsor Park Phase I: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Windsor Park Phase - VI

For a 1,000 sq.ft plot at the current guideline value of Rs 2,460 per sq.ft, the total guideline value amounts to Rs 24,60,000. The stamp duty at 7% would be Rs 1,72,200, and the registration fee at 2% would be Rs 49,200, bringing the total to Rs 2,21,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more assistance, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn Windsor Park Phase - VI?

The Vgn Windsor Park Phase - VI is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Melpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When you buy or sell property, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. It is crucial to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Vgn Windsor Park Phase - VI?

The current guideline value of Vgn Windsor Park Phase - VI is Rs 2,460 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,460 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What is the land classification of Vgn Windsor Park Phase - VI?

The land classification for Vgn Windsor Park Phase - VI is Mixed Type - II.

What are the other streets in Melpakkam with their guideline values?

Other streets in Melpakkam under the Kunrathur SRO have varying guideline values ranging from Rs 440 to Rs 4,105 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find your SRO online for more details.