Guideline Value for VGN HIVE

Vgn Hive guideline value

The current guideline value of Vgn Hive is Rs 8,209 per sq.ft, effective from 1 July 2024. 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 has changed

The guideline value for Vgn Hive has undergone several revisions over the years. The most recent revision in 2024 sets the value at Rs 8,209 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 5,500 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and overall, a 49% increase from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street, as the register has no figure for these years. Thus, the only relevant revisions are from 2017, 2023, and 2024.

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, making Vgn Hive's current value above this median.

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

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. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can calculate your specific fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vgn Hive?

The Vgn Hive area falls under the jurisdiction of 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 during property registration in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. When you register a property, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in property dealings.

When buying or selling property, the guideline value also influences the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vgn Hive?

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

How has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased from Rs 5,500 per sq.ft to Rs 8,209 per sq.ft, marking a rise of 49%. The value remained the same from 2023 to 2024.

What is the median guideline value in Ambattur?

The median guideline value for streets in Ambattur is Rs 3,600 per sq.ft. Vgn Hive's current value is above this median.

What are the stamp duty rates for property in Vgn Hive?

The stamp duty for property in Vgn Hive is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 82,09,000, the stamp duty would amount to Rs 5,74,630.

Which office handles property registration for Vgn Hive?

The Ambattur Sub Registrar Office handles property registration for Vgn Hive, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.