Guideline Value for V G P Veerabadra Nagar Part II

V G P Veerabadra Nagar Part II guideline value

The current guideline value of V G P Veerabadra Nagar Part II is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village under the Selaiyur SRO and is classified as Mixed Type - II land.

How the guideline value of V G P Veerabadra Nagar Part II has changed

The guideline value register for V G P Veerabadra Nagar Part II shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

As there are no figures recorded for the previous revisions, there have been no changes in the guideline value for this street between the revisions listed. The 2024 figure is the first registered value for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of V G P Veerabadra Nagar Part II.

• V G P Veerabadra Nagar Part I: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar: Rs 2,700 per sq.ft (2024)
• V.G.P.Santhanammal Nagar: Rs 2,700 per sq.ft (2024)
• Vignarajapuram: Rs 3,300 per sq.ft (2024)
• Vignarajapuram 4th Street Extension: Rs 2,350 per sq.ft (2024)
• Vignarajapuram Extension: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in V G P Veerabadra Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total fees together Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers V G P Veerabadra Nagar Part II?

The Sub Registrar Office that covers V G P Veerabadra Nagar Part II is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in Vengaivasal, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is especially important for ensuring compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of V G P Veerabadra Nagar Part II?

The current guideline value of V G P Veerabadra Nagar Part II is Rs 2,700 per sq.ft, effective from 1 July 2024.

What is the land classification of V G P Veerabadra Nagar Part II?

V G P Veerabadra Nagar Part II is classified as Mixed Type - II land according to the guidelines.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for property in V G P Veerabadra Nagar Part II?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for V G P Veerabadra Nagar Part II.