Guideline Value for V.G.P. MAIN STREET EXTESNION

V.G.P. Main Street Extesnion guideline value

The current guideline value of V.G.P. Main Street Extesnion 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 area is Residential Special Type - III.

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

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

Since there are no figures available for the previous revisions, there have been no changes recorded for this street between the revisions listed. The 2024 revision is the first recorded guideline value for V.G.P. Main Street Extesnion.

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 of Rs 2,200 per sq.ft. The guideline value of V.G.P. Main Street Extesnion is above this median.

• V.G.P. Main Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Murbi Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Murbi Street, Ammal Joint Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Prasad Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Raja Street: 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. Main Street Extesnion

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P. Main Street Extesnion?

The V.G.P. Main Street Extesnion 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 is a critical factor when buying or selling property in Sholinganallur - 1, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that the guideline value may differ from the actual sale price.

During the registration process, the property must be registered at the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's value.

Frequently asked questions

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

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

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

The land classification for V.G.P. Main Street Extesnion is Residential Special Type - III.

Are there any previous guideline values for V.G.P. Main Street Extesnion?

The guideline value register has no figures for V.G.P. Main Street Extesnion for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available figure is from the 2024 revision.

What is the stamp duty rate for properties in V.G.P. Main Street Extesnion?

The stamp duty rate for properties in V.G.P. Main Street Extesnion is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for V.G.P. Main Street Extesnion?

The Neelankarai Sub Registrar Office handles registrations for V.G.P. Main Street Extesnion, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.