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Guideline Value

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Guideline Value for V.G.P. GOLDEN BEACH SEA VIEW PART

₹5500/sq.ft.

The guideline value for V.g.p. Golden Beach Sea View Part in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2889 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹457 /sq.ft.
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 V.g.p. Golden Beach Sea View Part

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V.G.P. Golden Beach Sea View Part guideline value

The current guideline value of V.G.P. Golden Beach Sea View Part is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Palavakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - III.

How the guideline value of V.G.P. Golden Beach Sea View Part has changed

The guideline value for V.G.P. Golden Beach Sea View Part has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 457 per sq.ft. This figure increased significantly to Rs 2,889 per sq.ft in 2007, marking a rise of 532%. The value then changed to Rs 5,000 per sq.ft in 2012, which was a decrease of 33%. In 2017, it rose again to Rs 3,350 per sq.ft, which was a 49% increase from the previous revision. The 2023 revision set the value at Rs 5,000 per sq.ft, and the current 2024 revision has increased it to Rs 5,500 per sq.ft, reflecting a 10% increase.

It is important to note that the register has no figure for this street in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1104%.

Guideline values in Palavakkam

In Palavakkam, there are 349 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 3,300 per sq.ft. The guideline value of V.G.P. Golden Beach Sea View Part is above this median.

Stamp duty and registration fee for property in V.G.P. Golden Beach Sea View Part

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.G.P. Golden Beach Sea View Part?

The V.G.P. Golden Beach Sea View Part 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 Palavakkam

The guideline value is a critical factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the applicable duties and fees are calculated accurately. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of V.G.P. Golden Beach Sea View Part?

The current guideline value of V.G.P. Golden Beach Sea View Part is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 457 per sq.ft to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1104%.

What are the other streets with the same guideline value in Palavakkam?

Other streets in Palavakkam with the same guideline value of Rs 5,500 per sq.ft include V.G.P.Golden Beach 4th Main Road, V.G.P.Golden Beach 3rd Part, V.G.P.Golden Beach 3rd Main Road, V.G.P.Golden Beach 2nd Part, V.G.P.Golden Beach 2nd Main Road, and V.G.P.Golden Beach 1st Part.

What is the stamp duty for property in V.G.P. Golden Beach Sea View Part?

The stamp duty for property in V.G.P. Golden Beach Sea View Part is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 3,85,000.

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.