Guideline Value

Corporate

Guideline Value for V.G.N. Shanthi Nagar

₹5100/sq.ft.

The guideline value for V.g.n. Shanthi Nagar in Ambattur village (Ambattur SRO, Chennai zone) is Rs 5100 per sq.ft, effective 1 July 2024. It was Rs 4700 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹5100 /sq.ft.
From 1-4-2023 ₹4700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3149 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on V.g.n. Shanthi Nagar

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V.G.N. Shanthi Nagar guideline value

The current guideline value of V.G.N. Shanthi Nagar is Rs 5,100 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of V.G.N. Shanthi Nagar has changed

The guideline value for V.G.N. Shanthi Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 4,700 per sq.ft. This figure decreased to Rs 3,149 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 4,700 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 5,100 per sq.ft, reflecting a 9% increase from the previous year.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing V.G.N. Shanthi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in V.G.N. Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,100 per sq.ft, the total guideline value would be Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, bringing the total to Rs 4,59,000. 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 more details.

Which Sub Registrar Office covers V.G.N. Shanthi Nagar?

The Sub Registrar Office that covers V.G.N. Shanthi Nagar is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value can influence negotiations between buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a fair transaction and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of V.G.N. Shanthi Nagar?

The current guideline value of V.G.N. Shanthi Nagar is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then increased to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification of V.G.N. Shanthi Nagar?

V.G.N. Shanthi Nagar is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for V.G.N. Shanthi Nagar?

The Sub Registrar Office for V.G.N. Shanthi Nagar is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in V.G.N. Shanthi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,57,000.