Guideline Value for V.G.P. BABU STREET

V.G.P. Babu Street guideline value

The current guideline value of V.G.P. Babu Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this street is Residential Special Type - III.

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

The guideline value register shows no figures for V.G.P. Babu Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 5,500 per sq.ft.

Since there are no figures for the previous revisions, there have been no changes in the guideline value for this street between the revisions listed above.

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. The median value for these streets is Rs 2,200 per sq.ft, placing V.G.P. Babu Street's 2024 figure above this median.

• V.G.P. Ammal 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. Babu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the 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 duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

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

The V.G.P. Babu 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. 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 plays a crucial role in the registration process of property transactions in Sholinganallur - 1. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

What land classification does V.G.P. Babu Street fall under?

V.G.P. Babu Street is classified as Residential Special Type - III.

How many streets are there in Sholinganallur - 1 under the Neelankarai SRO?

There are 754 streets in Sholinganallur - 1 under the Neelankarai SRO that carry a 2024 guideline value.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft.

Where is the Neelankarai Sub Registrar Office located?

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