Guideline Value

Corporate

Guideline Value for V.G.P.GOLDEN BEACH 1ST MAIN ROAD

₹5500/sq.ft.

The guideline value for V.g.p.golden Beach 1st Main Road 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 ₹2289 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹457 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹409 /sq.ft.
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 1st Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

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

Over the years, the guideline value for V.G.P.Golden Beach 1st Main Road has seen significant changes. In 2002, the guideline value started at Rs 409 per sq.ft. This figure increased to Rs 457 per sq.ft in 2003, marking a 12% rise. The value then surged to Rs 2,289 per sq.ft in 2007, which represented a substantial increase of 401%. However, it experienced a decline to Rs 5,000 per sq.ft in 2012, a drop of 33%. The guideline value rose again to Rs 3,350 per sq.ft in 2017, reflecting a 49% increase. The value then increased to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, a 10% rise.

There are no figures available for the revisions in the years between 2002 and 2007, and 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1245%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for V.G.P.Golden Beach 1st Main Road is above this median.

Stamp duty and registration fee for property in V.G.P.Golden Beach 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 amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

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

The V.G.P.Golden Beach 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 additional assistance.

How the guideline value is used when you buy or sell in Palavakkam

The guideline value plays a crucial role in the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with legal requirements.

During the registration of a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's value.

Frequently asked questions

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

The current guideline value for V.G.P.Golden Beach 1st Main Road 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 409 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, showing a significant overall increase of 1245% over the years.

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

V.G.P.Golden Beach 1st Main Road is classified as Residential Special Type - III.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in V.G.P.Golden Beach 1st Main Road is 7% of the guideline value or sale price, whichever is higher.

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.