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Guideline Value

Corporate

Guideline Value for GOLDEN BEACH SOUTH (VGP PART)

₹5500/sq.ft.

The guideline value for Golden Beach South (vgp Part) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Golden Beach South (vgp Part)

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Golden Beach South (Vgp Part) guideline value

The current guideline value of Golden Beach South (Vgp Part) is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under the Sholinganallur - 1 village and is registered with the Neelankarai SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Golden Beach South (Vgp Part) has changed

In the 2017 revision, the guideline value 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 increase of 64% over the seven-year period. Notably, there are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, the guideline value for Golden Beach South (Vgp Part) was not documented in the register for the specified years. The current figure of Rs 5,500 per sq.ft indicates a notable rise, reflecting the changes in the guideline values across the years.

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 Golden Beach South (Vgp Part) is above this median.

Stamp duty and registration fee for property in Golden Beach South (Vgp Part)

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, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden Beach South (Vgp Part)?

The Sub Registrar Office that covers Golden Beach South (Vgp Part) is 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. It serves as a benchmark to determine the minimum value at which properties can be registered, ensuring transparency in the buying and selling process.

When purchasing or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Golden Beach South (Vgp Part)?

The current guideline value of Golden Beach South (Vgp Part) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 3,350 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2024, reflecting a 64% increase over this period.

What is the land classification for Golden Beach South (Vgp Part)?

The land classification for Golden Beach South (Vgp Part) is 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.

How are stamp duty and registration fees calculated for properties in Golden Beach South (Vgp Part)?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 4,95,000.