Guideline Value for Beach Home Avenue Road 2nd Street

Beach Home Avenue Road 2nd Street guideline value

The current guideline value of Beach Home Avenue Road 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of Beach Home Avenue Road 2nd Street has changed

The guideline value for Beach Home Avenue Road 2nd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 1,233 per sq.ft, which increased to Rs 2,800 per sq.ft in 2007, marking a significant rise of 127%. The value then jumped to Rs 6,000 per sq.ft in 2012, reflecting an increase of 114%. However, it decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 6,000 per sq.ft in 2023, followed by a further rise to Rs 6,600 per sq.ft in 2024, amounting to a 10% increase.

It is worth noting that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 435%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with the median being Rs 6,600 per sq.ft. Beach Home Avenue Road 2nd Street's 2024 figure aligns with this median.

• Beach Home Avenue Road 1st Street: Rs 6,600 per sq.ft (2024)
• Beach Home Avenue Road 3rd Street: Rs 6,600 per sq.ft (2024)
• Beach Home Avenue Road: Rs 6,600 per sq.ft (2024)
• Beach Corner: Rs 6,600 per sq.ft (2024)
• Besant Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 10th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Beach Home Avenue Road 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that 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 Beach Home Avenue Road 2nd Street?

The Beach Home Avenue Road 2nd Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Urur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the buying or selling process.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is adequately collected during property transactions.

Frequently asked questions

What is the current guideline value of Beach Home Avenue Road 2nd Street?

The current guideline value of Beach Home Avenue Road 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,233 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 435% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 5,94,000, based on the current guideline value of Rs 66,00,000.

Which office handles the registration for this street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles the registration for Beach Home Avenue Road 2nd Street.

What is the land classification for Beach Home Avenue Road 2nd Street?

Beach Home Avenue Road 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.