Guideline Value for VGN OVAL GARDENS

Vgn Oval Gardens guideline value

The current guideline value of Vgn Oval Gardens 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 Oval Gardens has changed

The guideline value for Vgn Oval Gardens has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 5,500 per sq.ft. This figure increased to Rs 8,209 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The 2024 revision also maintains this rate at Rs 8,209 per sq.ft, showing no change from the previous year.

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

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, with a median value of Rs 3,600 per sq.ft. Vgn Oval Gardens' 2024 guideline value is above this median.

• VGN Oval Garden Extention: Rs 8,209 per sq.ft (2024)
• V.G.N. Shanthi Nagar: Rs 5,100 per sq.ft (2024)
• Vgn Victoria Park: Rs 8,209 per sq.ft (2024)
• VGN Victoria Park Extention: Rs 8,209 per sq.ft (2024)
• Vgn Hive Phase - II: Rs 8,209 per sq.ft (2024)
• Vgn Hive Phase - I: Rs 8,209 per sq.ft (2024)

Stamp duty and registration fee for property in Vgn Oval Gardens

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 duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Vgn Oval Gardens?

The Vgn Oval Gardens 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 a critical factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value assigned to the property.

When engaging in a transaction, both buyers and sellers must be aware of the guideline value as it impacts the overall cost of the property transfer. It is essential to consult the latest figures to ensure compliance with local regulations and to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Vgn Oval Gardens?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 5,500 per sq.ft to Rs 8,209 per sq.ft in 2023 and 2024.

What is the land classification of Vgn Oval Gardens?

Vgn Oval Gardens is classified as Mixed Special Type - I.

Where is the Ambattur Sub Registrar Office located?

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

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for accurate calculations.