Guideline Value for Beula Street

Beula Street guideline value

The current guideline value of Beula Street in Thirumullaivoyal village, under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Beula Street has changed

Beula Street has undergone several revisions in its guideline value over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, before reaching the current rate of Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. The most notable change occurred between 2017 and 2023, where the value rose by 49%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Beula Street's current guideline value is below this median.

• Bharathidasan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Dasan Street (Senthil Nagar Extn): Rs 2,700 per sq.ft (2024)
• Bharathi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 4th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Beula Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beula Street?

The Sub Registrar Office that covers Beula Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration requirements. The guideline value helps to establish a fair and transparent process in property transactions, protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Beula Street?

The current guideline value of Beula Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Beula Street has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft in 2024.

What is the land classification for Beula Street?

Beula Street is classified as Residential Class III Type - I according to the land classification guidelines.

Where can I find the registration office for Beula Street?

The registration office for Beula Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Beula Street?

Stamp duty for properties in Beula Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.