Guideline Value for V.G.P. Golden Beach South 3rd Main Road

V.G.P. Golden Beach South 3rd Main Road guideline value

The current guideline value of V.G.P. Golden Beach South 3rd 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, and it falls under the land classification of Residential Special Type - III.

How the guideline value of V.G.P. Golden Beach South 3rd Main Road has changed

The guideline value register shows no figures for V.G.P. Golden Beach South 3rd Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 5,500 per sq.ft.

As there have been no figures recorded for this street in previous revisions, the 2024 figure stands alone with no historical changes to compare against.

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 V.G.P. Golden Beach South 3rd Main Road 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 1st 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 3rd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers V.G.P. Golden Beach South 3rd Main Road?

The Sub Registrar Office that covers V.G.P. Golden Beach South 3rd Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for V.G.P. Golden Beach South 3rd Main Road?

The current guideline value for V.G.P. Golden Beach South 3rd 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 3rd Main Road?

The Neelankarai Sub Registrar Office covers V.G.P. Golden Beach South 3rd Main Road, 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 this area?

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

Are there any previous guideline values for this street?

The guideline value register shows no figures for V.G.P. Golden Beach South 3rd Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision.

What is the land classification for V.G.P. Golden Beach South 3rd Main Road?

The land classification for V.G.P. Golden Beach South 3rd Main Road is Residential Special Type - III.