Guideline Value for V.G.P. Golden Beach South 1st Main Road

V.G.P. Golden Beach South 1st Main Road guideline value

The current guideline value for V.G.P. Golden Beach South 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of V.G.P. Golden Beach South 1st Main Road has changed

The guideline value register shows no figures for V.G.P. Golden Beach South 1st Main Road 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 previous revisions, there have been no changes recorded for this street between the revisions listed. The current rate of Rs 5,500 per sq.ft is the only figure in the register for this street.

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. V.G.P. Golden Beach South 1st Main Road's guideline value is above this median.

• V.G.P. Golden Beach South 2nd Main Road: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach South 3rd Main Road: Rs 5,500 per sq.ft (2024)
• V.G.P. Golden Beach 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Vgp Gold Beach South Part IV: Rs 5,500 per sq.ft (2024)
• V.G.P. Main Street: Rs 5,500 per sq.ft (2024)
• V.G.P. Main Street Extension: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in V.G.P. Golden Beach South 1st Main Road

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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 V.G.P. Golden Beach South 1st Main Road?

The V.G.P. Golden Beach South 1st Main Road falls under 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 crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which the property must be registered, impacting the stamp duty and registration fees payable.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for V.G.P. Golden Beach South 1st Main Road?

The current guideline value for V.G.P. Golden Beach South 1st Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

Which Sub Registrar Office covers V.G.P. Golden Beach South 1st Main Road?

The Neelankarai Sub Registrar Office covers V.G.P. Golden Beach South 1st Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

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

Are there any previous guideline values available for this street?

No, there are no previous guideline values available for V.G.P. Golden Beach South 1st Main Road in the register for the years 2023, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for V.G.P. Golden Beach South 1st Main Road?

The land classification for V.G.P. Golden Beach South 1st Main Road is Residential Special Type - III.