Guideline Value for VGN Classique

VGN Classique guideline value

The current guideline value of VGN Classique is Rs 8,209 per sq.ft. It is located in Ambattur village under the Ambattur SRO, classified as Mixed Special Type - I.

How the guideline value of VGN Classique has changed

The guideline value for VGN Classique has been consistent in recent revisions. The 2024 revision shows a guideline value of Rs 8,209 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 8,209 per sq.ft. This stability indicates that the value has not fluctuated during this period.

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 in this area is Rs 3,600 per sq.ft, placing VGN Classique's 2024 figure above that median.

• VGN Cosmopolis: Rs 8,209 per sq.ft (2024)
• VGN Cosmopolis -I: Rs 8,209 per sq.ft (2024)
• VGN Brent Park: 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 Classique

For a 1,000 sq.ft plot at the current guideline value of Rs 8,209 per sq.ft, the total guideline value would be Rs 82,09,000. The stamp duty at 7% would amount to Rs 5,74,630, and the registration fee at 2% would be Rs 1,64,180, leading to a total of Rs 7,38,810. 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 Classique?

The VGN Classique property falls under the Ambattur Sub Registrar Office, located at 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 a crucial factor in property transactions in Ambattur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of VGN Classique?

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

How has the guideline value changed over the years?

The guideline value for VGN Classique has remained at Rs 8,209 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of VGN Classique?

VGN Classique is classified as Mixed Special Type - I, which is relevant for understanding its guideline value and potential uses.

Where can I find the Sub Registrar Office for VGN Classique?

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

How is the stamp duty calculated for VGN Classique?

Stamp duty for properties in VGN Classique is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which can be calculated using the stamp duty and registration fee calculator.