Guideline Value for BeriBeri Nagar

BeriBeri Nagar guideline value

The current guideline value of BeriBeri Nagar, located in Periakudal village under the AnnaNagar SRO, is Rs 11,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of BeriBeri Nagar has changed

Over the years, the guideline value of BeriBeri Nagar has seen several revisions. The 2012 revision recorded a guideline value of Rs 10,000 per sq.ft, which then decreased to Rs 6,700 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 10,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 11,000 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, there has been an overall increase of 10%. The change from 2017 to 2023 was a significant increase of 49%, while the shift from 2012 to 2017 saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periakudal

In Periakudal village, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for BeriBeri Nagar is below this median.

• B- Block, 2nd Avenue, 96 to 107, 107A: Rs 15,900 per sq.ft (2024)
• B block 12 th street: Rs 11,500 per sq.ft (2024)
• B-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• B-Blcok 11th Street: Rs 11,500 per sq.ft (2024)
• Bharathipuram Main Road: Rs 3,300 per sq.ft (2024)
• Brevery Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in BeriBeri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty, charged at 7%, would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000, bringing the total fees together to Rs 9,90,000. It is important to note that the 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 BeriBeri Nagar?

BeriBeri Nagar falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periakudal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that all transactions are transparent and standardized. This helps maintain a fair process for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of BeriBeri Nagar?

The current guideline value of BeriBeri Nagar is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then back to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification of BeriBeri Nagar?

BeriBeri Nagar is classified as Residential Class I Type - II.

What other streets in Periakudal have guideline values?

Other streets in Periakudal under the AnnaNagar SRO have various guideline values, ranging from Rs 3,300 to Rs 15,900 per sq.ft for the year 2024.

Where can I find the AnnaNagar Sub Registrar Office?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.