Guideline Value for V.G.P. SOUTH PART IV

V.G.P. South Part IV guideline value

The current guideline value of V.G.P. South Part IV is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of V.G.P. South Part IV has changed

In the 2017 revision, the guideline value for V.G.P. South Part IV was set at Rs 3,350 per sq.ft. With the latest revision in 2024, this value has increased to Rs 5,500 per sq.ft, marking a significant change of +64% since the last revision.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions that show a guideline value are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for V.G.P. South Part IV is above this median.

• V.G.P. South Part I: Rs 5,500 per sq.ft (2024)
• V.G.P. South Part II: Rs 5,500 per sq.ft (2024)
• V.G.P. South Part III: Rs 5,500 per sq.ft (2024)
• V.G.P. South Part V: Rs 5,500 per sq.ft (2024)
• V.G.P. South Part VI: Rs 5,500 per sq.ft (2024)
• V.G.P. South Part - VII: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. South Part IV

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. 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 details.

Which Sub Registrar Office covers V.G.P. South Part IV?

The V.G.P. South Part IV falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for V.G.P. South Part IV?

The current guideline value for V.G.P. South Part IV is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 3,350 per sq.ft to Rs 5,500 per sq.ft, which is a change of +64%.

Are there any revisions without figures for V.G.P. South Part IV?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 do not have any figures available for V.G.P. South Part IV in the register.

What is the land classification for V.G.P. South Part IV?

V.G.P. South Part IV is classified as Residential Special Type - III.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.