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Guideline Value

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Guideline Value for VGP GOLD BEACH SOUTH PART IV

₹5500/sq.ft.

The guideline value for Vgp Gold Beach South Part Iv in Sholinganallur - 1 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

Sholinganallur - 1

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 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Vgp Gold Beach South Part Iv

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Vgp Gold Beach South Part IV guideline value

The current guideline value for Vgp Gold Beach South Part IV is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it is classified as Residential Special Type - III.

How the guideline value of Vgp Gold Beach South Part IV has changed

Over the years, the guideline value for Vgp Gold Beach South Part IV has seen significant changes. The 2017 revision recorded a value of Rs 3,350 per sq.ft, which increased to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial adjustment within that period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Vgp Gold Beach South Part IV's 2024 figure above this median.

Stamp duty and registration fee for property in Vgp Gold Beach South Part IV

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, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees 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 Vgp Gold Beach South Part IV?

The Sub Registrar Office that covers Vgp Gold Beach South Part IV 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 details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

When buying or selling property in Sholinganallur - 1, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is crucial during the registration process, as it helps in calculating the applicable fees based on the property's value.

It is essential for buyers and sellers to understand that the guideline value can influence the overall cost of the transaction. Therefore, being aware of the current guideline value is beneficial for making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Vgp Gold Beach South Part IV?

The current guideline value of Vgp Gold Beach South Part IV is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 3,350 per sq.ft to Rs 5,500 per sq.ft in 2024, showing a rise of 64% overall. The most recent revision in 2024 saw a 10% increase from the 2023 figure of Rs 5,000 per sq.ft.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1 that share the same guideline value of Rs 5,500 per sq.ft include V.G.P. Golden Beach 1st Cross Street, V.G.P. Golden Beach South 1st Main Road, V.G.P. Golden Beach South 2nd Main Road, V.G.P. Golden Beach South 3rd Main Road, V.G.P. Babu Street, and V.G.P. Main Street.

What is the registration fee for properties in this area?

The registration fee for properties in this area is calculated at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the registration fee would be Rs 1,10,000.

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. You can find more details through the provided link to find your SRO.