Guideline Value for BERIAMMAN NAGAR

Beriamman Nagar guideline value

The current guideline value of Beriamman Nagar, located in Nemilicherry village, is Rs 2,420 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Beriamman Nagar has changed

The guideline value for Beriamman Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, which reflects a 10% increase from Rs 2,200 per sq.ft in the 2023 revision. Prior to that, the value was Rs 1,474 per sq.ft in 2017, marking a significant increase of 49% from that year to 2023. The 2012 revision also had a value of Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,160 per sq.ft, placing Beriamman Nagar's 2024 figure above that median.

• Beriamman Koil Street: Rs 2,750 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beriamman Nagar?

Beriamman Nagar falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during property registration in Nemilicherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues.

Frequently asked questions

What is the current guideline value of Beriamman Nagar?

The current guideline value of Beriamman Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 10% from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024. The value was Rs 1,474 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification for Beriamman Nagar?

Beriamman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Beriamman Nagar?

The Sub Registrar Office for Beriamman Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more information about your SRO through the provided link.

How is the stamp duty calculated for property in Beriamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 at 7%.