Guideline Value for BEAK CITY

Beak City guideline value

The current guideline value of Beak City, located in Rathinamangalam village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - III.

How the guideline value of Beak City has changed

The guideline value for Beak City has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This marked a significant increase of 49% to the current value of Rs 1,500 per sq.ft in the 2023 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

From 2017 to 2023, the guideline value increased from Rs 1,005 to Rs 1,500 per sq.ft, reflecting a substantial change. The absence of figures for earlier revisions indicates that the guideline value has not been consistently documented for this street in past years.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Beak City is part of this village, and there are no other streets in Rathinamangalam under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Beak City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty is calculated at 7%, which totals Rs 1,05,000, while the registration fee is 2%, amounting to Rs 30,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 1,35,000. 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 Beak City?

The Beak City area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more information on locating your SRO, visit find your SRO.

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

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

During registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Beak City?

The current guideline value of Beak City is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a rise of 49%.

Are there any guideline value figures for previous years?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Beak City.

What are the stamp duty and registration fees for a property in Beak City?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations in Beak City?

The Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone, handles property registrations for Beak City.