Guideline Value for V G P Veerabadra Nagar

V G P Veerabadra Nagar guideline value

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

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

The guideline value register for V G P Veerabadra Nagar has no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 shows a guideline value of Rs 2,700 per sq.ft.

As there have been no figures recorded for the previous years, the only available guideline value for this street is from the 2024 revision, which stands at Rs 2,700 per sq.ft.

Guideline values in Vengaivasal

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

• V G P Veerabadra Nagar Part I: 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

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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V G P Veerabadra Nagar?

The Sub Registrar Office that covers V G P Veerabadra Nagar 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 online.

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

The guideline value is a crucial factor when registering property transactions in Vengaivasal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately.

When you buy or sell property in V G P Veerabadra Nagar, the guideline value will be used to calculate stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

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

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

What revisions have been made to the guideline value of V G P Veerabadra Nagar?

The guideline value register has no figures recorded 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.

How is the stamp duty calculated for properties in V G P Veerabadra Nagar?

Stamp duty for properties in V G P Veerabadra Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can also find your SRO online.

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

The land classification of V G P Veerabadra Nagar is Mixed Type - II, which indicates the type of land use in the area.