Guideline Value for Beeran Street

Beeran Street guideline value

The current guideline value of Beeran Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Beeran Street has changed

The guideline value of Beeran Street has undergone several revisions over the years. In 2002, the value was Rs 415 per sq.ft. This increased to Rs 454 per sq.ft in 2003, marking a 9% rise. The value saw further growth, reaching Rs 550 per sq.ft in 2007, which was a 21% increase. By 2012, the value had significantly jumped to Rs 3,000 per sq.ft, showing a remarkable 445% increase. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, reflecting a 33% decline. The value then rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 695%. There are no figures available for revisions in the years not listed above.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Beeran Street's 2024 figure of Rs 3,300 per sq.ft is below this median.

• Baskar Street (Near M.G.R.Street): Rs 3,300 per sq.ft (2024)
• Baskar Colony: Rs 5,500 per sq.ft (2024)
• Barani Colony - Thiivakar Street: Rs 6,600 per sq.ft (2024)
• Barani Colony - Surya street: Rs 6,600 per sq.ft (2024)
• Barani Colony - Kannammal Street: Rs 6,600 per sq.ft (2024)
• Barani Colony - Arcot Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Beeran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beeran Street?

The Sub Registrar Office that covers Beeran Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration reflects a fair value for the property.

Frequently asked questions

What is the current guideline value of Beeran Street?

The current guideline value of Beeran Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 415 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 695% over this period.

What is the land classification of Beeran Street?

Beeran Street is classified as Residential Class III Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property in Beeran Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Beeran Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.