Guideline Value

Corporate

Guideline Value for V.G.P.GOLDEN BEACH 2ND PART

₹5500/sq.ft.

The guideline value for V.g.p.golden Beach 2nd 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 2nd Part

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 2nd Part guideline value

The current guideline value of V.G.P.Golden Beach 2nd Part is Rs 5,500 per sq.ft. 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 2nd Part has changed

The guideline value for V.G.P.Golden Beach 2nd Part has seen significant changes over the years. In 2002, the value was Rs 409 per sq.ft, which increased to Rs 457 per sq.ft in 2003. Following this, there was a substantial rise to Rs 2,289 per sq.ft in 2007, marking a 401% increase. The value then rose to Rs 5,000 per sq.ft in 2012, reflecting a growth of 118%. However, it decreased to Rs 3,350 per sq.ft in 2017, showing a decline of 33%. The value increased again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions of V.G.P.Golden Beach 2nd Part for the years not listed. 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 carry 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 of V.G.P.Golden Beach 2nd Part is above this median.

Stamp duty and registration fee for property in V.G.P.Golden Beach 2nd 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers V.G.P.Golden Beach 2nd Part?

The V.G.P.Golden Beach 2nd 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 plays a critical role when buying or selling property in Palavakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer and seller must ensure that the transaction is registered based on the guideline value or the sale price, whichever is higher. This ensures that all legal requirements are met, and the property is officially recognized in the government records.

Frequently asked questions

What is the current guideline value of V.G.P.Golden Beach 2nd Part?

The current guideline value of V.G.P.Golden Beach 2nd 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%.

What is the land classification for V.G.P.Golden Beach 2nd Part?

V.G.P.Golden Beach 2nd Part is classified as Residential Special Type - III.

Which office handles registrations for V.G.P.Golden Beach 2nd Part?

The Neelankarai Sub Registrar Office handles registrations for V.G.P.Golden Beach 2nd Part, 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 V.G.P.Golden Beach 2nd Part?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000, with an additional registration fee of Rs 1,10,000.