Guideline Value for VGN Cosmopolis

VGN Cosmopolis guideline value

The current guideline value of VGN Cosmopolis is Rs 8,209 per sq.ft. This property is located in Ambattur village, under the Ambattur SRO, with a land classification of Mixed Special Type - I.

How the guideline value of VGN Cosmopolis has changed

The guideline value for VGN Cosmopolis has seen several revisions over the years. The 2017 revision set the value at Rs 5,500 per sq.ft, which was a significant change. In the subsequent 2023 revision, the value remained at Rs 8,209 per sq.ft, and this figure was retained in the 2024 revision as well, showing no percentage change from 2023 to 2024. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall from 2017 to 2024, it has also increased by 49%. The consistent value of Rs 8,209 per sq.ft in the last two revisions indicates stability in the guideline value for this property.

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 Cosmopolis's 2024 value is above this median.

• VGN Classique: Rs 8,209 per sq.ft (2024)
• VGN Cosmopolis -I: 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

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 stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VGN Cosmopolis?

The Sub Registrar Office that covers VGN Cosmopolis 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 Ambattur

The guideline value is an essential factor when registering property transactions in Ambattur. It helps determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of VGN Cosmopolis?

The current guideline value of VGN Cosmopolis 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 both 2023 and 2024, representing a 49% increase overall from 2017 to 2024.

What is the land classification of VGN Cosmopolis?

VGN Cosmopolis is classified as Mixed Special Type - I, which indicates the type of development and usage permitted in the area.

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 is stamp duty calculated for property in VGN Cosmopolis?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 5,74,630 at a rate of 7%.