Guideline Value

Corporate

Guideline Value for V.G.P.GOLDEN BEACH 1ST PART

₹5500/sq.ft.

The guideline value for V.g.p.golden Beach 1st 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 ₹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 Part

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V.G.P.Golden Beach 1st Part guideline value

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

How the guideline value of V.G.P.Golden Beach 1st Part has changed

The guideline value for V.G.P.Golden Beach 1st Part has seen several revisions over the years. In 2002, the guideline value was Rs 409 per sq.ft, which increased to Rs 457 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,289 per sq.ft in 2007, and then to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023 and is currently Rs 5,500 per sq.ft as of the 2024 revision.

Notable changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 118% increase from 2007 to 2012, a 401% increase from 2003 to 2007, and a 12% increase from 2002 to 2003. 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 with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value for V.G.P.Golden Beach 1st Part above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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, totaling Rs 4,95,000. 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 details.

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

The V.G.P.Golden Beach 1st 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 crucial factor during property registration in Palavakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. These fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value for V.G.P.Golden Beach 1st Part 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 significantly from Rs 409 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1245% over this period.

What are the other streets in Palavakkam with similar guideline values?

Other streets in Palavakkam, such as V.G.P.Golden Beach 1st Main Road and V.G.P.Golden Beach 2nd Main Road, also have a guideline value of Rs 5,500 per sq.ft in 2024.

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.

How is the stamp duty calculated for properties in V.G.P.Golden Beach 1st Part?

The stamp duty for properties in V.G.P.Golden Beach 1st Part is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.