Guideline Value for VGP GOLDEN BEACH UTHANDI II LAYOUT

Vgp Golden Beach Uthandi II Layout guideline value

The current guideline value for Vgp Golden Beach Uthandi II Layout is Rs 5,000 per sq.ft, effective from 1 July 2024. This layout is located in Uthandi village under the Neelankarai SRO, classified as Residential Special Type - II.

How the guideline value of Vgp Golden Beach Uthandi II Layout has changed

The guideline value for Vgp Golden Beach Uthandi II Layout has undergone several revisions over the years. The 2012 revision recorded a value of 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 further rose to the current figure of Rs 5,000 per sq.ft in 2024, marking an increase of 11% from the previous year.

In summary, the changes between the revisions show a 49% increase from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Vgp Golden Beach Uthandi II Layout is above this median.

• V.G.P.Golden Beach Uthandi II: Rs 5,000 per sq.ft (2024)
• V.G.P.Layout: Rs 5,500 per sq.ft (2024)
• V.G.P.LAYOUT PART I - 1st CROSS ROAD: Rs 5,500 per sq.ft (2024)
• V.G.P.LAYOUT PART I - 1st MAIN ROAD: Rs 5,500 per sq.ft (2024)
• V.G.P.LAYOUT PART I - 2nd CROSS ROAD: Rs 5,500 per sq.ft (2024)
• V.G.P.LAYOUT PART I - 2nd MAIN ROAD: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vgp Golden Beach Uthandi II Layout

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, making a total of 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vgp Golden Beach Uthandi II Layout?

The Vgp Golden Beach Uthandi II Layout 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 Uthandi

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms and to avoid penalties.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Vgp Golden Beach Uthandi II Layout?

The current guideline value for Vgp Golden Beach Uthandi II Layout 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 seen various changes, starting from Rs 4,500 per sq.ft in 2012, decreasing to Rs 3,015 per sq.ft in 2017, then increasing to Rs 4,500 per sq.ft in 2023, and finally reaching Rs 5,000 per sq.ft in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 50,00,000, leading to a total stamp duty and registration fee of Rs 4,50,000.

Which Sub Registrar Office handles registrations for this area?

The Neelankarai Sub Registrar Office handles registrations for Vgp Golden Beach Uthandi II Layout, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Vgp Golden Beach Uthandi II Layout?

The land classification for Vgp Golden Beach Uthandi II Layout is Residential Special Type - II, indicating its suitability for residential development.