Guideline Value for BEEMASENA GARDEN STREET

Beemasena Garden Street guideline value

The current guideline value of Beemasena Garden Street is Rs 11,500 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 II Type - III.

How the guideline value of Beemasena Garden Street has changed

In the 2012 revision, the guideline value for Beemasena Garden Street was Rs 10,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 11,500 per sq.ft, marking 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 that have a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Beemasena Garden Street's 2024 guideline value of Rs 11,500 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000. Together, the total cost for these fees would be Rs 10,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beemasena Garden Street?

The Sub Registrar Office that covers Beemasena 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 in property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

Additionally, the guideline value helps ensure transparency in property transactions by providing a standardized value for properties in various locations. This aids both buyers and sellers in understanding the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Beemasena Garden Street?

The current guideline value of Beemasena Garden Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Beemasena Garden Street has increased from Rs 10,500 per sq.ft in 2012 to Rs 11,500 per sq.ft in 2024, marking a 10% increase. There were no changes recorded in the years 2003, 2007, and 2017.

What is the land classification for Beemasena Garden Street?

Beemasena Garden Street is classified as Residential Class II Type - III, which indicates its designation for residential purposes within the area.

What are the stamp duty and registration fees for properties in Beemasena Garden Street?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Beemasena Garden Street?

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