Guideline Value

Corporate

Guideline Value for V.G.P.GOLDEN BEACH 3RD PART

₹5500/sq.ft.

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

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V.G.P.Golden Beach 3rd Part guideline value

The current guideline value of V.G.P.Golden Beach 3rd Part is Rs 5,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. 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 3rd Part has changed

The guideline value for V.G.P.Golden Beach 3rd Part has seen significant changes over the years. In 2002, the guideline value was Rs 409 per sq.ft, which increased to Rs 457 per sq.ft in 2003. The value then rose dramatically to Rs 2,289 per sq.ft in 2007, marking an increase of 401%. Following this, the value increased to Rs 5,000 per sq.ft in 2012, reflecting a rise of 118%. However, there was a decrease to Rs 3,350 per sq.ft in 2017, which was a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current value of Rs 5,500 per sq.ft in 2024, a 10% increase from the previous year.

Throughout these revisions, there are no figures available for the years not listed in the register 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 with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that V.G.P.Golden Beach 3rd Part's 2024 figure is above the median.

Stamp duty and registration fee for property in V.G.P.Golden Beach 3rd Part

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total 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, bringing the total fees together to 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The V.G.P.Golden Beach 3rd 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 further details.

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

The guideline value is a crucial factor in the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the fees are calculated accurately based on the property's value as recognized by the registration authorities. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of V.G.P.Golden Beach 3rd Part?

The current guideline value of V.G.P.Golden Beach 3rd 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 the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles the registration for V.G.P.Golden Beach 3rd Part?

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

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

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