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Guideline Value

Corporate

Guideline Value for North Beech Road 3rd lane

₹4900/sq.ft.

The guideline value for North Beech Road 3rd 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 3rd Lane

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North Beech Road 3rd lane guideline value

The current guideline value of North Beech Road 3rd 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 3rd lane has changed

The guideline value for North Beech Road 3rd lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft. It increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, it 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, showing a 49% increase, and currently stands at Rs 4,900 per sq.ft as of the 2024 revision, which is a 9% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Muthialpet

Muthialpet has a total of 160 streets under the Chennai North Joint I SRO, with guideline values ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, indicating that the 2024 figure for North Beech Road 3rd lane is below this median.

Stamp duty and registration fee for property in North Beech Road 3rd 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, bringing the total to Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers North Beech Road 3rd lane?

The Sub Registrar Office that covers North Beech Road 3rd lane is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105. You can find your SRO for more details.

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 the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When engaging in a property transaction, it is important to be aware of the current guideline value, as it directly impacts the financial obligations involved in the registration process. Buyers and sellers should ensure they are informed of the latest values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of North Beech Road 3rd lane?

The current guideline value of North Beech Road 3rd 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, reflecting a significant increase over the years.

What is the land classification for North Beech Road 3rd lane?

North Beech Road 3rd lane is classified as Residential Class I Type - III.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Which office handles registrations for North Beech Road 3rd lane?

The Chennai North Joint I Sub Registrar Office handles registrations for North Beech Road 3rd lane, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.