Guideline Value for Beemapuram Road

Beemapuram Road guideline value

The current guideline value of Beemapuram Road is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Thirupanthiyoor village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Beemapuram Road has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, reflecting an increase of 49%. The 2024 revision also maintains this rate, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Beemapuram Road. Overall, the guideline value from 2012 to 2024 has remained stable at Rs 200 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Beemapuram Road's 2024 figure below that median.

• Ashok Avenue: Rs 250 per sq.ft (2024)
• Anthoniyar Street: Rs 350 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Don Bosco Avenue: Rs 700 per sq.ft (2024)
• Angel Town: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Beemapuram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Beemapuram Road?

The Sub Registrar Office that covers Beemapuram Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish a transparent pricing mechanism. Buyers and sellers can refer to the guideline value to understand the minimum price for which a property can be registered, thereby facilitating smoother transactions.

Frequently asked questions

What is the current guideline value of Beemapuram Road?

The current guideline value of Beemapuram Road is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 200 per sq.ft, with a notable decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft by 2023.

What is the land classification for Beemapuram Road?

The land classification for Beemapuram Road is Residential Class IV Type - I.

Where can I find the registration office for Beemapuram Road?

The registration office for Beemapuram Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Beemapuram Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.