Guideline Value for BEACH ROAD KUPPAM (SINGARAVELAN NAGAR)

Beach Road Kuppam (Singaravelan Nagar) guideline value

The current guideline value for Beach Road Kuppam (Singaravelan Nagar) is Rs 7,150 per sq.ft, effective from 1 July 2024. This area falls under Thiruvanmiyur village and is registered with the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Beach Road Kuppam (Singaravelan Nagar) has changed

Over the years, the guideline value for Beach Road Kuppam (Singaravelan Nagar) has seen several revisions. The 2012 revision set the value at Rs 6,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 4,355 per sq.ft. The value remained at Rs 6,500 per sq.ft until the 2023 revision, which increased it to Rs 6,500 per sq.ft, marking a significant increase of 49% from the 2017 figure.

The latest revision in 2024 has further increased the guideline value to Rs 7,150 per sq.ft, reflecting a 10% rise from the 2023 value. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. Beach Road Kuppam (Singaravelan Nagar) has a guideline value below this median.

• Beach Road: Rs 12,650 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 16th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 18th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Beach Road Kuppam (Singaravelan Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beach Road Kuppam (Singaravelan Nagar)?

Beach Road Kuppam (Singaravelan Nagar) is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Beach Road Kuppam (Singaravelan Nagar)?

The current guideline value for Beach Road Kuppam (Singaravelan Nagar) is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

Where can I find other guideline values in Thiruvanmiyur?

Other guideline values in Thiruvanmiyur can be found through the Chennai South Joint I SRO, which lists various streets and their respective rates. For example, Beach Road has a value of Rs 12,650 per sq.ft in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 71,50,000, the total fees would amount to Rs 6,43,500.

Which office handles registrations for Beach Road Kuppam (Singaravelan Nagar)?

The Chennai South Joint I Sub Registrar Office handles registrations for Beach Road Kuppam (Singaravelan Nagar). The office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.