Resolve Error Code 3: Google Chrome v22 and higher update fail error in Windows 7

Steps:

1. Go to the following location on your computer drive: C:/program files/Google/

2. You will find a .exe file named GoogleUpdate.

3. Just double click on it.

And you are good to go!
It worked for me and I think it will work for majority of people who have this error.
Have a Good Day! :)