Guideline Value for VGN WINDSOR PARK PHASE-VII

Vgn Windsor Park Phase-VII guideline value

The current guideline value of Vgn Windsor Park Phase-VII is Rs 4,105 per sq.ft, effective from 1 July 2024. This property is located in Melpakkam village under the Kunrathur SRO, and it falls under the Residential Special Type - III land classification.

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

The guideline value for Vgn Windsor Park Phase-VII has seen significant changes over the years. In 2017, the guideline value was Rs 2,500 per sq.ft. This increased to Rs 3,732 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 4,105 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Melpakkam

In Melpakkam village, 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, positioning Vgn Windsor Park Phase-VII above this median.

• Vgn Windsor Park Phase - VI: Rs 2,460 per sq.ft (2024)
• Vgn Windsor Park Phase V: Rs 2,460 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-VII

For a 1,000 sq.ft plot at the current guideline value of Rs 4,105 per sq.ft, the total guideline value would be Rs 41,05,000. The stamp duty at 7% would amount to Rs 2,87,350, and the registration fee at 2% would be Rs 82,100, bringing the total to Rs 3,69,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Vgn Windsor Park Phase-VII 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 in the registration process when buying or selling property in Melpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the government receives the correct amount based on the property's value at the time of registration.

Frequently asked questions

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

The current guideline value of Vgn Windsor Park Phase-VII is Rs 4,105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2017 to Rs 4,105 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the median guideline value in Melpakkam?

The median guideline value for the 17 streets in Melpakkam under the Kunrathur SRO is Rs 1,540 per sq.ft.

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

For a plot of 1,000 sq.ft, the total guideline value is Rs 41,05,000, resulting in a stamp duty of Rs 2,87,350 and a registration fee of Rs 82,100, totaling Rs 3,69,450.

Which office handles registrations for Vgn Windsor Park Phase-VII?

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