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Guideline Value

Corporate

Guideline Value for North Beech Road 2nd lane

₹7100/sq.ft.

The guideline value for North Beech Road 2nd Lane in Muthialpet village (Chennai North Joint I SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthialpet

Village

Chennai North Joint I

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2300 /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 2nd Lane

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North Beech Road 2nd lane guideline value

The current guideline value of North Beech Road 2nd lane is Rs 7,100 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 - II.

How the guideline value of North Beech Road 2nd lane has changed

The guideline value for North Beech Road 2nd lane has seen several revisions over the years. The 2007 revision set the value at Rs 2,300 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 4,355 per sq.ft in 2017. The 2023 revision raised the value to Rs 6,500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 7,100 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 209%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing North Beech Road 2nd lane above that median.

Stamp duty and registration fee for property in North Beech Road 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. 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 detailed calculations.

Which Sub Registrar Office covers North Beech Road 2nd lane?

The Sub Registrar Office that covers North Beech Road 2nd 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 in the registration process when buying or selling property in Muthialpet. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction, including the fees associated with registration.

Frequently asked questions

What is the current guideline value of North Beech Road 2nd lane?

The current guideline value of North Beech Road 2nd lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking a total increase of 209% over the years.

What is the median guideline value in Muthialpet?

The median guideline value in Muthialpet is Rs 5,500 per sq.ft, and North Beech Road 2nd lane's value is above this median.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 6,39,000.

Which office handles property registration for North Beech Road 2nd lane?

The Chennai North Joint I Sub Registrar Office handles property registration for North Beech Road 2nd lane, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.