Guideline Value for VGN Cosmopolis -I

VGN Cosmopolis -I guideline value

The current guideline value of VGN Cosmopolis -I is Rs 8,209 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village, under the Ambattur SRO, and falls under the land classification of Mixed Special Type - I.

How the guideline value of VGN Cosmopolis -I has changed

The guideline value for VGN Cosmopolis -I has undergone several revisions over the years. The most recent revision in 2024 maintains a guideline value of Rs 8,209 per sq.ft, the same as in 2023. Prior to that, the 2017 revision set the value at Rs 5,500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a consistent increase of 49% in the guideline value for VGN Cosmopolis -I.

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 Cosmopolis -I above this median value.

• 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)
• 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 Cosmopolis -I

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 higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers VGN Cosmopolis -I?

The VGN Cosmopolis -I 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 further assistance.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor when registering property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of VGN Cosmopolis -I?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 5,500 per sq.ft in 2017 to Rs 8,209 per sq.ft in 2024, marking a 49% increase over this period.

What is the land classification for VGN Cosmopolis -I?

VGN Cosmopolis -I is classified under Mixed Special Type - I land classification.

What are the stamp duty and registration fees for VGN Cosmopolis -I?

The stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 5,74,630, and the registration fee would be Rs 1,64,180, totaling Rs 7,38,810.

Which office handles the registration for VGN Cosmopolis -I?

The Ambattur Sub Registrar Office handles the registration for VGN Cosmopolis -I, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.