Guideline Value for V.G.P.GOLDEN BEACH

V.G.P.Golden Beach guideline value

The current guideline value for V.G.P.Golden Beach is Rs 5,000 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village, under the Neelankarai SRO, and falls under the Residential Special Type - III land classification.

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

The guideline value for V.G.P.Golden Beach has undergone several revisions over the years. In 2012, the guideline value was Rs 4,500 per sq.ft, which then decreased to Rs 3,015 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,500 per sq.ft in 2023, and most recently, it has been revised to Rs 5,000 per sq.ft in 2024. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing V.G.P.Golden Beach's 2024 guideline value above this median.

• V.G.P.Lay Out Part I & II & III: Rs 5,000 per sq.ft (2024)
• VETTUVANKENI 2nd AVENUE: Rs 4,500 per sq.ft (2024)
• VETTUVANKENI 1st AVENUE: Rs 4,500 per sq.ft (2024)
• Vimala Garden: Rs 3,900 per sq.ft (2024)
• Vinayakar Koil Street (Pillaiyar Koil Street): Rs 2,800 per sq.ft (2024)
• Vivekanandar Street: Rs 2,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers V.G.P.Golden Beach is 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 Enjambakkam

The guideline value is a crucial factor when buying or selling property in Enjambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value for V.G.P.Golden Beach is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

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

V.G.P.Golden Beach is classified under Residential Special Type - III land classification.

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?

Stamp duty for properties in V.G.P.Golden Beach is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.