Guideline Value for BEACH ROAD

Beach Road guideline value

The current guideline value of Beach Road in Thiruvanmiyur village is Rs 12,650 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Beach Road has changed

The guideline value for Beach Road has seen significant changes over the years. In the 2002 revision, the value was Rs 2,167 per sq.ft. This increased to Rs 2,397 per sq.ft in 2003, marking an 11% rise. The value continued to grow, reaching Rs 3,000 per sq.ft in 2007, which was a 25% increase from the previous revision. Following this, the 2012 revision saw a notable jump to Rs 11,500 per sq.ft, reflecting a massive 283% increase from 2007. However, the subsequent revision in 2017 brought the value down slightly to Rs 7,705 per sq.ft, a decrease of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 11,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 12,650 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 484%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Beach Road's 2024 figure above this median.

• Beach Road Kuppam (Singaravelan Nagar): Rs 7,150 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

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value would be Rs 1,26,50,000. The stamp duty at 7% would amount to Rs 8,85,500, while the registration fee at 2% would be Rs 2,53,000. Together, the total cost for these fees would be Rs 11,38,500. 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?

The Beach Road area 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 plays a crucial role in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The higher the guideline value, the greater the fees that will be incurred during the registration process.

Frequently asked questions

What is the current guideline value of Beach Road?

The current guideline value of Beach Road is Rs 12,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 2,167 per sq.ft in 2002 to Rs 12,650 per sq.ft in 2024, which is an overall increase of 484%.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,85,500 and the registration fee would be Rs 2,53,000, totaling Rs 11,38,500.

Which Sub Registrar Office covers Beach Road?

The Chennai South Joint I Sub Registrar Office covers Beach Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, with Beach Road's 2024 figure being above this median.