Guideline Value for Beemeswarar Nagar

Beemeswarar Nagar guideline value

The current guideline value of Beemeswarar Nagar is Rs 3,630 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of Beemeswarar Nagar has changed

The guideline value for Beemeswarar Nagar has seen several revisions over the years. Starting from Rs 200 per sq.ft in 2007, it increased significantly to Rs 3,300 per sq.ft in 2012, marking a rise of 1550%. However, it then decreased to Rs 2,211 per sq.ft in 2017, a drop of 33%. The value then climbed to Rs 3,300 per sq.ft in 2023, reflecting a 49% increase, and finally rose to Rs 3,630 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1715%.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft. The median value is Rs 2,200 per sq.ft, making Beemeswarar Nagar's current rate above this median.

• Bangaru Radhakrishnan Street: Rs 2,200 per sq.ft (2024)
• Bharathiyar Street: Rs 1,210 per sq.ft (2024)
• B.M.Avenue: Rs 2,200 per sq.ft (2024)
• Balaji Nagar: Rs 2,200 per sq.ft (2024)
• Captain Sasikumar Nagar: Rs 2,200 per sq.ft (2024)
• Ayya Street: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Beemeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total to Rs 3,26,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beemeswarar Nagar?

The Sub Registrar Office that covers Beemeswarar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudichur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the higher value between the guideline value and the sale price is considered for the calculation of these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Beemeswarar Nagar?

The current guideline value of Beemeswarar Nagar is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 3,630 per sq.ft in 2024, reflecting significant fluctuations over the years.

What is the registration office for Beemeswarar Nagar?

The registration office for Beemeswarar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty rates for property in Beemeswarar Nagar?

The stamp duty for property transactions in Beemeswarar Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

How do I calculate the total cost of buying property in Beemeswarar Nagar?

To calculate the total cost, you need to consider the guideline value, stamp duty, and registration fees. For example, for a 1,000 sq.ft plot, the total cost would include the guideline value, stamp duty of 7%, and registration fee of 2%.