Guideline Value for V.G.P. AMMAL STREET

V.G.P. Ammal Street guideline value

The current guideline value of V.G.P. Ammal Street is Rs 5,500 per sq.ft. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - III.

How the guideline value of V.G.P. Ammal Street has changed

The guideline value register for V.G.P. Ammal Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 5,500 per sq.ft, effective from 1 July 2024.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the only available figure is from the 2024 revision, with no changes noted between the revisions.

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. V.G.P. Ammal Street's 2024 figure of Rs 5,500 per sq.ft is above this median.

• V.G.P. Babu Street: Rs 5,500 per sq.ft (2024)
• Vgp Gold Beach South Part IV: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach 1st Cross Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach South 1st Main Road: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach South 2nd Main Road: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach South 3rd Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to 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 precise calculations.

Which Sub Registrar Office covers V.G.P. Ammal Street?

The V.G.P. Ammal Street is covered by the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected financial obligations related to stamp duty and registration fees. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of V.G.P. Ammal Street?

The current guideline value of V.G.P. Ammal Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for V.G.P. Ammal Street in the guideline value register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for V.G.P. Ammal Street?

V.G.P. Ammal Street is classified as Residential Special Type - III under the Neelankarai SRO.

How is stamp duty calculated for property in V.G.P. Ammal Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.

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.