Guideline Value for VR BUILDERS BLOSSOM

Vr Builders Blossom guideline value

The current guideline value for Vr Builders Blossom is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Vr Builders Blossom has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. By the 2023 revision, it increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 further raised the guideline value to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has seen an increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median of Rs 1,300 per sq.ft. The guideline value for Vr Builders Blossom is above this median.

• V.R Complex-I: Rs 1,800 per sq.ft (2024)
• VR Complex-II: Rs 1,800 per sq.ft (2024)
• V.O.C. Street: Rs 880 per sq.ft (2024)
• Vijay Nagar: Rs 1,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VIII: Rs 3,100 per sq.ft (2024)
• VGN Mahalakshmi Nagr Ext VII: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Vr Builders Blossom

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 further calculations.

Which Sub Registrar Office covers Vr Builders Blossom?

The Konnur Sub Registrar Office covers Vr Builders Blossom. The office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for the minimum price at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value for Vr Builders Blossom?

The current guideline value for Vr Builders Blossom is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, an overall increase of 64%.

What is the land classification for Vr Builders Blossom?

The land classification for Vr Builders Blossom is Residential Special Type - II.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in 44.Ayanambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.