Guideline Value for BERI STREET

Beri Street guideline value

The current guideline value of Beri Street in Pudupet village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of Beri Street has changed

The guideline value for Beri Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 600 per sq.ft. Prior to this, the guideline value remained unchanged at Rs 600 per sq.ft from the 2023 revision. Looking further back, in the 2017 revision, the value was Rs 335 per sq.ft, marking a significant increase of 79% from 2017 to 2023, and the same 79% increase from 2017 to 2024.

It is important to note that there are no recorded figures for Beri Street in the revisions from 2002, 2003, 2007, and 2012. This absence of data indicates that the street's guideline value was not established in those years.

Guideline values in Pudupet

In total, there are 42 streets in Pudupet under the Pallipattu SRO that have a guideline value for 2024, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which means that Beri Street's 2024 figure of Rs 600 per sq.ft is above that median.

• Beristreet Santhu: Rs 300 per sq.ft (2024)
• Bazhaar Street: Rs 600 per sq.ft (2024)
• Bazeer Kelandaistreet: Rs 400 per sq.ft (2024)
• Braminar Street: Rs 350 per sq.ft (2024)
• Chittoor Road: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Beri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, calculated at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000. Together, this totals Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beri Street?

Beri Street is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This value is set by the government and is subject to periodic revisions based on various factors.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Beri Street?

The current guideline value of Beri Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a significant increase of 79% from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in 2024. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What are the other streets in Pudupet with their guideline values?

Other streets in Pudupet include Beristreet Santhu at Rs 300 per sq.ft, Bazhaar Street at Rs 600 per sq.ft, and Bazeer Kelandaistreet at Rs 400 per sq.ft, among others. Beri Street's value is above the median of Rs 350 per sq.ft for the area.

What fees are associated with buying property in Beri Street?

When buying property in Beri Street, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Which office handles property registrations for Beri Street?

The Pallipattu Sub Registrar Office handles property registrations for Beri Street. It is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.