Guideline Value for VGN WINDSOR PARK PHASE I

Vgn Windsor Park Phase I guideline value

The current guideline value of Vgn Windsor Park Phase I is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Melpakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Vgn Windsor Park Phase I has changed

The guideline value for Vgn Windsor Park Phase I has seen several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,100 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,210 per sq.ft.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

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 value for these streets is Rs 1,540 per sq.ft, placing Vgn Windsor Park Phase I's 2024 figure below this median.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vgn Windsor Park Phase I?

The Vgn Windsor Park Phase I 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 plays a crucial role during the registration process when buying or selling property in Melpakkam. It is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

Frequently asked questions

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

The current guideline value of Vgn Windsor Park Phase I is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Vgn Windsor Park Phase I?

Vgn Windsor Park Phase I is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Vgn Windsor Park Phase I?

For a 1,000 sq.ft plot, the total guideline value is Rs 12,10,000. The stamp duty is Rs 84,700, and the registration fee is Rs 24,200, leading to a total of Rs 1,08,900.

Where can I find the Sub Registrar Office for Vgn Windsor Park Phase I?

The Kunrathur Sub Registrar Office, which covers Vgn Windsor Park Phase I, is located at No.59, Road Street, Kundrathur, Chennai -600 069.