Guideline Value for North Beech Road 4th lane

North Beech Road 4th lane guideline value

The current guideline value of North Beech Road 4th lane is Rs 11,000 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 Special Type - I.

How the guideline value of North Beech Road 4th lane has changed

Over the years, the guideline value of North Beech Road 4th lane has seen significant changes. The 2007 revision recorded a guideline value of Rs 3,700 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2012 revision, reflecting a rise of 170%. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, marking a decline of 33%. The value then rose to Rs 10,000 per sq.ft in the 2023 revision, and finally, it reached Rs 11,000 per sq.ft in the 2024 revision, showing an increase of 10% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 197%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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, making the 2024 figure for North Beech Road 4th lane above that median.

• North Beech Road 3rd lane: Rs 4,900 per sq.ft (2024)
• North Beech Road(Rajaji Salai): Rs 18,000 per sq.ft (2024)
• North Beech Road 2nd lane: Rs 7,100 per sq.ft (2024)
• North Beech Road 1st lane*: Rs 4,900 per sq.ft (2024)
• North Port street*: Rs 18,000 per sq.ft (2024)
• N.S.C.Bose road: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in North Beech Road 4th lane

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Beech Road 4th lane?

The Sub Registrar Office that covers North Beech Road 4th 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 information.

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

The guideline value is a crucial factor in property transactions in Muthialpet. It is used to determine the stamp duty and registration fees owed during the buying or selling process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the costs associated with the transaction. It is essential to refer to the most recent guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of North Beech Road 4th lane?

The current guideline value of North Beech Road 4th lane is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 3,700 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 197%.

What is the land classification for North Beech Road 4th lane?

The land classification for North Beech Road 4th lane is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for North Beech Road 4th lane is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,10,00,000 would incur a stamp duty of Rs 7,70,000 at 7%.