Guideline Value for BERIAMMAN KOIL STREET

Beriamman Koil Street guideline value

The current guideline value of Beriamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village and falls under the Pallavaram SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Beriamman Koil Street has changed

The guideline value for Beriamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later revised to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 2,750 per sq.ft, showing a 10% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,160 per sq.ft, positioning Beriamman Koil Street's 2024 figure above this median.

• Beriamman Nagar: Rs 2,420 per sq.ft (2024)
• Bharadhamadha Street: Rs 2,200 per sq.ft (2024)
• Bashiyam Vathiyar Street: Rs 2,160 per sq.ft (2024)
• Bharathi Heavy Electrical Avenue: Rs 2,200 per sq.ft (2024)
• Balasubramaniyam Street: Rs 2,750 per sq.ft (2024)
• Balamurugan Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Beriamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beriamman Koil Street?

The Sub Registrar Office that covers Beriamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nemilicherry. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Beriamman Koil Street?

The current guideline value of Beriamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Beriamman Koil Street?

Beriamman Koil Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Beriamman Koil Street?

The Sub Registrar Office for Beriamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Beriamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.