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Guideline Value

Corporate

Guideline Value for VGN Serenity Grove Phase - II

₹3300/sq.ft.

The guideline value for Vgn Serenity Grove Phase - Ii in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vgn Serenity Grove Phase - Ii

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VGN Serenity Grove Phase - II guideline value

The current guideline value of VGN Serenity Grove Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village, under the Ambattur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of VGN Serenity Grove Phase - II has changed

The guideline value for VGN Serenity Grove Phase - II has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised this figure to Rs 3,300 per sq.ft, reflecting a further 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of VGN Serenity Grove Phase - II is above this median.

Stamp duty and registration fee for property in VGN Serenity Grove Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Serenity Grove Phase - II?

The Sub Registrar Office covering VGN Serenity Grove Phase - II is 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 Ayappakkam

The guideline value is a crucial factor in property transactions in Ayappakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. However, the stamp duty is charged based on the higher of the guideline value or the sale price, which can significantly impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of VGN Serenity Grove Phase - II?

The current guideline value of VGN Serenity Grove Phase - II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for VGN Serenity Grove Phase - II?

VGN Serenity Grove Phase - II is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for VGN Serenity Grove Phase - II?

The Sub Registrar Office for VGN Serenity Grove Phase - II 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 Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the appropriate fees are collected during the registration process.