Guideline Value for VGN HIVE PHASE - II

Vgn Hive Phase - II guideline value

The current guideline value for Vgn Hive Phase - II is Rs 8,209 per sq.ft. This property is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Vgn Hive Phase - II has changed

The guideline value for Vgn Hive Phase - II has remained consistent in the revisions from 2002 to 2024. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 8,209 per sq.ft, which was also the figure for the 2024 revision, showing no change between these two years.

Thus, the guideline value has been Rs 8,209 per sq.ft for both the 2023 and 2024 revisions. The consistent value indicates stability in the pricing for this property segment.

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 Vgn Hive Phase - II above this median value.

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

Stamp duty and registration fee for property in Vgn Hive Phase - II

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 to 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 Hive Phase - II?

The Vgn Hive Phase - II property is covered by 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 an important factor during the registration of property in Ambattur. It is utilized to determine the stamp duty and registration fees that buyers need to pay when completing a property transaction.

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

Frequently asked questions

What is the current guideline value of Vgn Hive Phase - II?

The current guideline value of Vgn Hive Phase - II is Rs 8,209 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

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

What is the land classification for Vgn Hive Phase - II?

Vgn Hive Phase - II is classified as Mixed Special Type - I according to the current guidelines.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Vgn Hive Phase - II, the guideline value is used to determine the applicable stamp duty and registration fees during the registration process.