Guideline Value for BESHMARAV ROAD

Beshmarav Road guideline value

The current guideline value of Beshmarav Road in Thandurai village, under the Avadi SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Beshmarav Road has changed

The guideline value for Beshmarav Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the guideline value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to the current value of Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the current 2024 value shows an increase of 8%. The revisions for the years 2002, 2003, and 2007 do not have figures listed for this street in the register.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Beshmarav Road's 2024 figure above that median.

• Bharatha Mada St: Rs 988 per sq.ft (2024)
• Beemarav Nagar Uzhaippalar Nagar: Rs 1,300 per sq.ft (2024)
• Bharathidasan St (Ambedkar St): Rs 988 per sq.ft (2024)
• Bharathidasan St M.K.Bharathiyar Nagar: Rs 988 per sq.ft (2024)
• Bharathidasan St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Bharathi St: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Beshmarav Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beshmarav Road?

The Sub Registrar Office that covers Beshmarav Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Beshmarav Road?

The current guideline value of Beshmarav Road is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Beshmarav Road?

Beshmarav Road is classified as Residential Special Type - III. This classification affects the guideline value and property regulations in the area.

Where can I find the Sub Registrar Office for Beshmarav Road?

The Sub Registrar Office covering Beshmarav Road is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties on Beshmarav Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000, along with a registration fee of Rs 26,000.