Guideline Value for VGN Brent Park

VGN Brent Park guideline value

The current guideline value of VGN Brent Park is Rs 8,209 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village, under the Ambattur SRO, and falls under the Mixed Special Type - I land classification.

How the guideline value of VGN Brent Park has changed

The guideline value for VGN Brent Park has seen significant changes over the years. The register shows that the 2017 revision set the value at Rs 5,500 per sq.ft. This figure remained until the 2023 revision, which maintained the value at Rs 8,209 per sq.ft. The most recent 2024 revision also holds the guideline value at Rs 8,209 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2017 revision to the current 2024 revision, the value has also risen by 49%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ambattur

In Ambattur village, 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 value across these streets is Rs 3,600 per sq.ft, placing VGN Brent Park's 2024 figure above this median.

• VGN Classique: Rs 8,209 per sq.ft (2024)
• VGN Cosmopolis: Rs 8,209 per sq.ft (2024)
• VGN Cosmopolis -I: Rs 8,209 per sq.ft (2024)
• VGN Hive: Rs 8,209 per sq.ft (2024)
• VGN Hive Phase - I: Rs 8,209 per sq.ft (2024)
• VGN Hive Phase - II: Rs 8,209 per sq.ft (2024)

Stamp duty and registration fee for property in VGN Brent Park

For a 1,000 sq.ft plot at the current guideline value of Rs 8,209 per sq.ft, the total guideline value amounts to Rs 82,09,000. The stamp duty at 7% would be Rs 5,74,630, and the registration fee at 2% would be Rs 1,64,180, bringing the total charges to Rs 7,38,810. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers VGN Brent Park?

The Sub Registrar Office that covers VGN Brent Park is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of VGN Brent Park?

The current guideline value of VGN Brent Park is Rs 8,209 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,500 per sq.ft in 2017 to Rs 8,209 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall since 2017.

What are the stamp duty and registration fees for VGN Brent Park?

For a 1,000 sq.ft plot, the total guideline value is Rs 82,09,000. The stamp duty at 7% is Rs 5,74,630, and the registration fee at 2% is Rs 1,64,180, totaling Rs 7,38,810.

Which Sub Registrar Office covers VGN Brent Park?

The Ambattur Sub Registrar Office covers VGN Brent Park, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of VGN Brent Park?

VGN Brent Park falls under the Mixed Special Type - I land classification.