Guideline Value for BEACH ROAD

Beach Road guideline value

The current guideline value of Beach Road in Kovalam village, under the Thiruporur SRO, is Rs 500 per sq.ft. This value is based on the 2023 revision and falls under the Residential Class IV Type - I land classification.

How the guideline value of Beach Road has changed

The guideline value of Beach Road has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft. The most recent revision in 2023 brought the guideline value back up to Rs 500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 400%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Beach Road.

Guideline values in Kovalam

Currently, no specific village figures are provided for Kovalam. Beach Road's guideline value is Rs 500 per sq.ft. There are no other streets in Kovalam under the Thiruporur SRO listed.

Stamp duty and registration fee for property in Beach Road

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Beach Road?

The Beach Road is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kovalam, as it determines the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Beach Road?

The current guideline value of Beach Road is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for Beach Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000 based on the current guideline value.

Which office handles registrations for Beach Road?

The Thiruporur Sub Registrar Office handles registrations for Beach Road, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there any guideline value data for 2024?

No, the register does not have a figure for Beach Road for the year 2024.