Guideline Value for BEEMANNA MUDALI GARDEN STREET

Beemanna Mudali Garden Street guideline value

The current guideline value of Beemanna Mudali Garden Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Beemanna Mudali Garden Street has changed

The guideline value for Beemanna Mudali Garden Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 13,000 per sq.ft. In 2017, this value decreased to Rs 8,710 per sq.ft, marking a change of -33%. The value then increased significantly to Rs 13,000 per sq.ft in 2023, followed by a further increase to Rs 14,300 per sq.ft in 2024, which is a rise of 10% from the previous year.

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

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value 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 Beemanna Mudali Garden Street above this median.

• Beemanna Mudali Garden 2nd Street: Rs 14,300 per sq.ft (2024)
• Beemanna Mudali Garden 1st Street: Rs 14,300 per sq.ft (2024)
• Beemasena Garden Street: Rs 11,500 per sq.ft (2024)
• Beemana Mudali Lane: Rs 14,300 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 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, while the registration fee at 2% would be Rs 2,86,000, bringing the total to Rs 12,87,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Beemanna Mudali Garden Street?

The Sub Registrar Office covering Beemanna Mudali Garden 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 plays a crucial role during the registration of property transactions in Mylapore. It is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property in the eyes of the law. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Beemanna Mudali Garden 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 has changed from Rs 13,000 per sq.ft in 2012 to Rs 8,710 per sq.ft in 2017, then back to Rs 13,000 in 2023, and finally to Rs 14,300 in 2024.

What is the land classification for Beemanna Mudali Garden Street?

The land classification for Beemanna Mudali Garden Street is Residential Class I Type - III.

Where can I find the Mylapore Sub Registrar Office?

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

How is the stamp duty calculated for properties in Beemanna Mudali Garden Street?

The stamp duty for properties is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 at 7%.