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Guideline Value

Corporate

Guideline Value for North Beech Road 1st lane*

₹4900/sq.ft.

The guideline value for North Beech Road 1st Lane* in Muthialpet village (Chennai North Joint I SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthialpet

Village

Chennai North Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105
044-25346215
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 North Beech Road 1st Lane*

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North Beech Road 1st lane* guideline value

The current guideline value of North Beech Road 1st lane* is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of North Beech Road 1st lane* has changed

The guideline value for North Beech Road 1st lane* has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% increase. However, from 2012 to 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, a 49% increase, and finally reached the current value of Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that the register does not have figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that have a 2024 guideline value ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing the guideline value of North Beech Road 1st lane* below this median.

Stamp duty and registration fee for property in North Beech Road 1st lane*

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Beech Road 1st lane*?

The Sub Registrar Office that covers North Beech Road 1st lane* is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Muthialpet. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees are reflective of the property’s worth as determined by the government.

Frequently asked questions

What is the current guideline value for North Beech Road 1st lane*?

The current guideline value for North Beech Road 1st lane* is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 227%.

What is the median guideline value in Muthialpet?

The median guideline value for streets in Muthialpet is Rs 5,500 per sq.ft, which is higher than the current value of North Beech Road 1st lane*.

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

The stamp duty rate for properties in North Beech Road 1st lane* is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for North Beech Road 1st lane*?

The Sub Registrar Office for North Beech Road 1st lane* is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.