Guideline Value for VGN WINDSOR PARK PHASE V

Vgn Windsor Park Phase V guideline value

The current guideline value for Vgn Windsor Park Phase V 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 V has changed

The guideline value for Vgn Windsor Park Phase V has undergone several revisions since 2017. The 2017 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,239 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 2,460 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not contain figures 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 in this area is Rs 1,540 per sq.ft, positioning Vgn Windsor Park Phase V above this median.

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

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 cost to Rs 2,21,400. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vgn Windsor Park Phase V?

The Vgn Windsor Park Phase V 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 stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a value that reflects the market conditions as assessed by the Registration Department. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

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

The current guideline value of Vgn Windsor Park Phase V 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, representing a 64% overall increase.

What is the median guideline value in Melpakkam?

The median guideline value in Melpakkam is Rs 1,540 per sq.ft, with Vgn Windsor Park Phase V being above this median.

What are the stamp duty and registration fees for Vgn Windsor Park Phase V?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,72,200 and the registration fee would be Rs 49,200, totaling Rs 2,21,400 based on the current guideline value.

Which office handles the registration for Vgn Windsor Park Phase V?

The Kunrathur Sub Registrar Office handles the registration for Vgn Windsor Park Phase V, located at No.59, Road Street, Kundrathur, Chennai -600 069.