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Guideline Value

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Guideline Value for V.G.P.GOLDEN BEACH 3RD MAIN ROAD

₹5500/sq.ft.

The guideline value for V.g.p.golden Beach 3rd 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 3rd Main Road

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

The current guideline value for V.G.P.Golden Beach 3rd 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, with a land classification of Residential Special Type - III.

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

The guideline value for V.G.P.Golden Beach 3rd Main Road has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 409 per sq.ft. By 2003, it increased to Rs 457 per sq.ft, marking a rise of 12%. The 2007 revision saw a substantial jump to Rs 2,289 per sq.ft, which is an increase of 401%. In 2012, the value adjusted to Rs 5,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision brought it back up to Rs 3,350 per sq.ft, a 49% increase. The 2023 revision set the value at Rs 5,000 per sq.ft, before the latest increase to Rs 5,500 per sq.ft in 2024, which is a 10% rise.

It is important to note that the register has no figures for this street in the years not mentioned above. 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 for V.G.P.Golden Beach 3rd Main Road is above this median.

Stamp duty and registration fee for property in V.G.P.Golden Beach 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. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The V.G.P.Golden Beach 3rd 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 Palavakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Palavakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the local market.

Frequently asked questions

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

The current guideline value for V.G.P.Golden Beach 3rd 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 significantly, increasing from Rs 409 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 1245%.

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

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

Where can I find the registration office for this area?

The registration office for V.G.P.Golden Beach 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.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions, and stamp duty and registration fees are based on this value or the sale price, whichever is higher.