Guideline Value for COPPER BEACH ROAD

Copper Beach Road guideline value

The current guideline value of Copper Beach Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Special Type - V.

How the guideline value of Copper Beach Road has changed

The guideline value of Copper Beach Road has seen significant changes over the years. In the 2017 revision, the value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Copper Beach Road's value above this median.

• C.R.Janaki Raman Street: Rs 2,200 per sq.ft (2024)
• Classic Retreat: Rs 3,300 per sq.ft (2024)
• Classic Farms: Rs 4,400 per sq.ft (2024)
• Chockalingam Street (Grama Nedunchalai 7th Cross Street): Rs 2,200 per sq.ft (2024)
• Desco Heaven: Rs 2,200 per sq.ft (2024)
• Devaraj Avenue: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Copper Beach Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Copper Beach Road?

The Sub Registrar Office that covers Copper Beach Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Sholinganallur - 1, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Copper Beach Road?

The current guideline value of Copper Beach Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, representing a 64% overall increase.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Copper Beach Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Copper Beach Road's value being above this median.