Guideline Value for GOLDEN SHORE AVENUE

Golden Shore Avenue guideline value

The current guideline value of Golden Shore Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Special Type - III.

How the guideline value of Golden Shore Avenue has changed

The guideline value for Golden Shore Avenue has undergone several revisions over the years. In 2017, the value was set at Rs 3,350 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase further to Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Golden Shore Avenue. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, 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 among these streets is Rs 2,200 per sq.ft, placing Golden Shore Avenue's 2024 figure above that median.

• Golden Beach South (Vgp Part): Rs 5,500 per sq.ft (2024)
• God S Own Villa: Rs 2,200 per sq.ft (2024)
• Gnv Mohanraj Thottam: Rs 1,700 per sq.ft (2024)
• Gopal Thottam: Rs 1,700 per sq.ft (2024)
• GOPIKRISHNA VRINDAVAN 2nd CROSS STREET: Rs 3,300 per sq.ft (2024)
• Gloria Avenue 3rd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Shore Avenue

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 together to 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.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Shore Avenue?

The Sub Registrar Office that covers Golden Shore Avenue 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 details.

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

The guideline value is a crucial factor when buying or selling property in Sholinganallur - 1. It determines 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 buyer and seller agree on a sale price, the higher of the sale price or the guideline value will be used for calculating the stamp duty and registration fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Golden Shore Avenue?

The current guideline value of Golden Shore Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,350 per sq.ft in 2017 to Rs 5,000 per sq.ft in 2023, and then to Rs 5,500 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Golden Shore Avenue?

Golden Shore Avenue is classified as Residential Special Type - III. This classification is important for understanding the permissible uses of the land.

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.

How is stamp duty calculated for properties in Golden Shore Avenue?

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