Guideline Value for V G P Veerabadra Nagar Part I

V G P Veerabadra Nagar Part I guideline value

The current guideline value for V G P Veerabadra Nagar Part I is Rs 2,700 per sq.ft. This area is located in Vengaivasal village, under the jurisdiction of the Selaiyur SRO. The land classification for this street is Mixed Type - II.

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

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for V G P Veerabadra Nagar Part I. The most recent revision is from 2024, which sets the guideline value at Rs 2,700 per sq.ft.

As there are no figures available for the previous revisions, it can be noted that the 2024 revision is the first recorded value for this street. Therefore, there have been no changes in the guideline value for this street across the listed revisions.

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 current figure for V G P Veerabadra Nagar Part I.

• V G P Veerabadra Nagar: Rs 2,700 per sq.ft (2024)
• V G P Veerabadra Nagar Part II: 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 I

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. Together, the total fees would be Rs 2,43,000. It is important to note that the 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 details.

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

The V G P Veerabadra Nagar Part I is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 plays a crucial role in the registration process when buying or selling property in Vengaivasal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

What is the land classification for V G P Veerabadra Nagar Part I?

The land classification for V G P Veerabadra Nagar Part I is Mixed Type - II, which indicates the type of development allowed in the area.

How many streets in Vengaivasal have a guideline value for 2024?

There are 117 streets in Vengaivasal under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 850 to Rs 4,800 per sq.ft.

What are the registration fees for properties in V G P Veerabadra Nagar Part I?

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.

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.