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Guideline Value

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Guideline Value for NEW BEACH ROAD BESANT NAGAR

₹12650/sq.ft.

The guideline value for New Beach Road Besant Nagar in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12650 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 Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12650 /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 Besant Nagar

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New Beach Road Besant Nagar guideline value

The current guideline value of New Beach Road Besant Nagar is Rs 12,650 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 Residential Special Type - I.

How the guideline value of New Beach Road Besant Nagar has changed

The guideline value for New Beach Road Besant Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 11,500 per sq.ft, which decreased to Rs 7,705 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 11,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 12,650 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing New Beach Road Besant Nagar above this median.

Stamp duty and registration fee for property in New Beach Road Besant Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 12,650 per sq.ft, the total guideline value would be Rs 1,26,50,000. The stamp duty at 7% would amount to Rs 8,85,500, and the registration fee at 2% would be Rs 2,53,000, bringing the total cost for these fees to Rs 11,38,500. 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 New Beach Road Besant Nagar?

The Sub Registrar Office that covers New Beach Road Besant 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 property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions based on the established rates for different areas.

When a property is sold, the buyer and seller must consider the guideline value to calculate the total costs involved in the transaction. This value is essential in ensuring compliance with the legal requirements for property registration in the region.

Frequently asked questions

What is the current guideline value of New Beach Road Besant Nagar?

The current guideline value of New Beach Road Besant Nagar is Rs 12,650 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 to Rs 11,500 per sq.ft in 2023, and finally to Rs 12,650 per sq.ft in 2024.

What is the land classification for New Beach Road Besant Nagar?

The land classification for New Beach Road Besant Nagar is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 11,38,500.

Which office handles the registration for New Beach Road Besant Nagar?

The Chennai South Joint I Sub Registrar Office handles the registration for New Beach Road Besant Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.