Guideline Value for Beerkaran 3rd Cross Street

Beerkaran 3rd Cross Street guideline value

The current guideline value of Beerkaran 3rd Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Beerkaran 3rd Cross Street has changed

The guideline value for Beerkaran 3rd Cross Street has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 7,000 per sq.ft, which increased to Rs 7,700 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier years mentioned. The 2024 value of Rs 7,700 per sq.ft is below the median guideline value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, the guideline values vary significantly, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The 2024 figure for Beerkaran 3rd Cross Street is below the median of Rs 8,800 per sq.ft. Here are the guideline values for other streets in Mylapore Part 1:

• Beerkaran 2nd Street: Rs 7,700 per sq.ft (2024)
• Beerkaran Lane 2nd Cross Street: Rs 7,700 per sq.ft (2024)
• Beerkaran 1st Street: Rs 7,700 per sq.ft (2024)
• Beerkaran 1st Cross Street: Rs 7,700 per sq.ft (2024)
• Bazaar Road (Royapettah) Gowdia Mutt Road: Rs 13,200 per sq.ft (2024)
• Besant Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Beerkaran 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Beerkaran 3rd Cross Street?

The Beerkaran 3rd Cross Street falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. 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 sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Beerkaran 3rd Cross Street?

The current guideline value of Beerkaran 3rd Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Beerkaran 3rd Cross Street was Rs 7,000 per sq.ft in 2023, which increased by 10% to Rs 7,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Mylapore Part 1?

The median guideline value for the 333 streets in Mylapore Part 1 is Rs 8,800 per sq.ft. The guideline value for Beerkaran 3rd Cross Street is below this median.

What are the stamp duty and registration fees for property in Beerkaran 3rd Cross Street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the higher of the guideline value and the sale price.

Which Sub Registrar Office covers Beerkaran 3rd Cross Street?

The Chennai Central Joint I Sub Registrar Office covers Beerkaran 3rd Cross Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.