Guideline Value for BEEMANNA MUDALI GARDEN 2ND STREET

Beemanna Mudali Garden 2nd Street guideline value

The current guideline value of Beemanna Mudali Garden 2nd Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class I Type - III.

How the guideline value of Beemanna Mudali Garden 2nd Street has changed

In the 2012 revision, the guideline value for Beemanna Mudali Garden 2nd Street was Rs 13,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 14,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Beemanna Mudali Garden 2nd Street above this median.

• Beemanna Mudali Garden 1st Street: Rs 14,300 per sq.ft (2024)
• Beemanna Mudali Garden Street: Rs 14,300 per sq.ft (2024)
• Beemana Mudali Lane: 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 Beemanna Mudali Garden 2nd Street

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

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

Which Sub Registrar Office covers Beemanna Mudali Garden 2nd Street?

The Sub Registrar Office that covers Beemanna Mudali Garden 2nd Street 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 in the registration process when buying or selling property in Mylapore. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Beemanna Mudali Garden 2nd Street?

The current guideline value of Beemanna Mudali Garden 2nd Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 13,000 per sq.ft in 2012 to Rs 14,300 per sq.ft in 2024, reflecting a total increase of 10%. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for Beemanna Mudali Garden 2nd Street?

Beemanna Mudali Garden 2nd Street is classified as Residential Class I Type - III, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Mylapore Sub Registrar Office covers Beemanna Mudali Garden 2nd Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Mylapore?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000 at 7%.