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Guideline Value

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Guideline Value for NEW BEACH ROAD (THIRUVALLUVAR NAGAR)

₹12660/sq.ft.

The guideline value for New Beach Road (thiruvalluvar Nagar) in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12660 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12660 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Beach Road (thiruvalluvar Nagar)

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New Beach Road (Thiruvalluvar Nagar) guideline value

The current guideline value of New Beach Road (Thiruvalluvar Nagar) is Rs 12,660 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of New Beach Road (Thiruvalluvar Nagar) has changed

The guideline value for New Beach Road (Thiruvalluvar Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 11,500 per sq.ft. This was followed by a decrease to Rs 7,705 per sq.ft in the 2017 revision. However, the 2023 revision saw a significant increase to Rs 11,500 per sq.ft, which was further raised to Rs 12,660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, placing New Beach Road (Thiruvalluvar Nagar) above this median.

Stamp duty and registration fee for property in New Beach Road (Thiruvalluvar Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 12,660 per sq.ft, the guideline value amounts to Rs 1,26,60,000. The stamp duty is charged at 7%, resulting in Rs 8,86,200, while the registration fee is 2%, amounting to Rs 2,53,200. Together, the total cost for stamp duty and registration fee would be Rs 11,39,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Beach Road (Thiruvalluvar Nagar)?

The Sub Registrar Office that covers New Beach Road (Thiruvalluvar Nagar) is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values as per government regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of New Beach Road (Thiruvalluvar Nagar)?

The current guideline value of New Beach Road (Thiruvalluvar Nagar) is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2012 to Rs 7,705 per sq.ft in 2017, then back to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,660 per sq.ft in 2024.

What is the land classification for New Beach Road (Thiruvalluvar Nagar)?

The land classification for New Beach Road (Thiruvalluvar Nagar) is Commercial Class I Type - I.

What are the other streets in Thiruvanmiyur with their guideline values?

Other streets in Thiruvanmiyur include New Beach Road Besant Nagar at Rs 12,650 per sq.ft, New Beach Road Valmeegi Nagar at Rs 12,660 per sq.ft, and Nethaji Street at Rs 9,900 per sq.ft, among others.

Where can I find the Sub Registrar Office for New Beach Road (Thiruvalluvar Nagar)?

The Sub Registrar Office for New Beach Road (Thiruvalluvar Nagar) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.