Guideline Value for Beer Shop Street / Lane

Beer Shop Street / Lane guideline value

The current guideline value for Beer Shop Street / Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Beer Shop Street / Lane has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 saw the guideline value increase to Rs 1,900 per sq.ft, a 6% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Beer Shop Street / Lane. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median guideline value is Rs 1,900 per sq.ft, which is equal to the current value for Beer Shop Street / Lane.

• Ballardu Street: Rs 3,300 per sq.ft (2024)
• Bundhar Garden 1st Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 2nd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden 3rd Street: Rs 3,600 per sq.ft (2024)
• Bundhar Garden Cross Street: Rs 3,300 per sq.ft (2024)
• Bundhar Garden Main Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Beer Shop Street / Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your own fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beer Shop Street / Lane?

The Beer Shop Street / Lane falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Siruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Beer Shop Street / Lane?

The current guideline value for Beer Shop Street / Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,800 per sq.ft in 2012, decreased to Rs 1,206 per sq.ft in 2017, increased to Rs 1,800 per sq.ft in 2023, and finally rose to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Beer Shop Street / Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,00,000. The stamp duty is Rs 1,33,000, and the registration fee is Rs 38,000, totaling Rs 1,71,000.

Which Sub Registrar Office covers Beer Shop Street / Lane?

The Sembiam Sub Registrar Office covers Beer Shop Street / Lane, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Beer Shop Street / Lane?

Beer Shop Street / Lane is classified as Residential Class III Type - I, indicating its designation for residential use.