Guideline Value for Bemaswaran Koil St

Bemaswaran Koil St guideline value

The current guideline value of Bemaswaran Koil St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bemaswaran Koil St has changed

The guideline value for Bemaswaran Koil St has seen several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,300 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current value of Bemaswaran Koil St.

• Bethdhel puram: Rs 1,320 per sq.ft (2024)
• Bhagavandas street: Rs 4,400 per sq.ft (2024)
• Bhagavathsingh Street: Rs 3,300 per sq.ft (2024)
• Bharathidasan Nagar: Rs 2,200 per sq.ft (2024)
• Bharathidasan Nagar Prathana Main Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Jothi Nagar Ext: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bemaswaran Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Bemaswaran Koil St?

The Sub Registrar Office covering Bemaswaran Koil St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important aspect of property transactions in Tambaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official valuation.

It is essential for buyers and sellers to be familiar with the guideline value, as it impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings in Tambaram.

Frequently asked questions

What is the current guideline value of Bemaswaran Koil St?

The current guideline value of Bemaswaran Koil St 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 from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Bemaswaran Koil St?

Bemaswaran Koil St is classified as Residential Class I Type - I.

What other streets have guideline values in Tambaram?

Other streets in Tambaram include Bethdhel puram at Rs 1,320 per sq.ft, Bhagavandas street at Rs 4,400 per sq.ft, and Bhagavathsingh Street at Rs 3,300 per sq.ft, among others.

Where can I find the Sub Registrar Office for Bemaswaran Koil St?

The Sub Registrar Office for Bemaswaran Koil St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.