Guideline Value for BEEMANA MUDALI LANE

Beemana Mudali Lane guideline value

The current guideline value of Beemana Mudali Lane is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Beemana Mudali Lane has changed

In the 2012 revision, the guideline value was Rs 13,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 13,000 per sq.ft. However, a significant increase was noted in the 2024 revision, where the guideline value rose to Rs 14,300 per sq.ft, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value increased by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for Beemana Mudali Lane. Thus, the only available revisions are from 2012, 2023, and 2024.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Beemana Mudali Lane's 2024 figure above the median.

• Beemanna Mudali Garden 1st Street: Rs 14,300 per sq.ft (2024)
• Beemanna Mudali Garden 2nd Street: Rs 14,300 per sq.ft (2024)
• Beemanna Mudali Garden Street: Rs 14,300 per sq.ft (2024)
• Beemasena Garden Street: Rs 11,500 per sq.ft (2024)
• Begum Sahib 1st Lane: Rs 4,900 per sq.ft (2024)
• Begum Sahib 1st Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Beemana Mudali Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, making the total cost Rs 12,87,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beemana Mudali Lane?

The Sub Registrar Office that covers Beemana Mudali Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the property transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Beemana Mudali Lane?

The current guideline value of Beemana Mudali Lane is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2012 to 2023, the guideline value remained at Rs 13,000 per sq.ft. In 2024, it increased to Rs 14,300 per sq.ft, marking a 10% increase from the previous year.

What is the land classification of Beemana Mudali Lane?

Beemana Mudali Lane falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for property in Beemana Mudali Lane?

For a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000, and the registration fee would be Rs 2,86,000, totaling Rs 12,87,000.

Which Sub Registrar Office covers Beemana Mudali Lane?

The Mylapore Sub Registrar Office covers Beemana Mudali Lane, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.