Guideline Value for V.G.P.BABU NAGAR
₹1100/sq.ft.
The guideline value for V.g.p.babu Nagar in Madurabakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Madurabakkam
Village
Selaiyur
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on V.g.p.babu Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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V.G.P.Babu Nagar guideline value
The current guideline value of V.G.P.Babu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Madurabakkam village under the Selaiyur SRO and is classified as Residential Class III Type - I.
How the guideline value of V.G.P.Babu Nagar has changed
The guideline value for V.G.P.Babu Nagar has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was set at Rs 1,000 per sq.ft. In the 2017 revision, the value decreased to Rs 670 per sq.ft, marking a significant drop of 33%. However, from 2017 to 2023, the guideline value increased substantially by 49%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.
It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.
Guideline values in Madurabakkam
- Vembuli Amman Street: Rs 1,100 per sq.ft (2024)
- Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
- Vedhagiri Nagar: Rs 2,200 per sq.ft (2024)
- Silver Crest: Rs 1,700 per sq.ft (2024)
- Shankar Nagar: Rs 1,300 per sq.ft (2024)
- Sarojini Nagar: Rs 2,500 per sq.ft (2024)
Stamp duty and registration fee for property in V.G.P.Babu Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details on calculating fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers V.G.P.Babu Nagar?
The V.G.P.Babu Nagar area falls under 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 for more information.
How the guideline value is used when you buy or sell in Madurabakkam
The guideline value plays a crucial role during the registration process when buying or selling property in Madurabakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.
When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. The fees are based on the higher of the guideline value or the sale price, which ensures that the registration process is fair and transparent.
Frequently asked questions
What is the current guideline value for V.G.P.Babu Nagar?
The current guideline value for V.G.P.Babu Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.
What are the other streets in Madurabakkam with guideline values?
Other streets in Madurabakkam include Vembuli Amman Street and Vinayagar Koil Street, both at Rs 1,100 per sq.ft, and Vedhagiri Nagar at Rs 2,200 per sq.ft, among others.
What is the registration fee for property in V.G.P.Babu Nagar?
The registration fee for property in V.G.P.Babu Nagar is calculated based on the guideline value, which is Rs 1,100 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 22,000.
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 find more details online.
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