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Guideline Value

Corporate

Guideline Value for North Beech Road(Rajaji Salai)

₹18000/sq.ft.

The guideline value for North Beech Road(rajaji Salai) in Muthialpet village (Chennai North Joint I SRO, Chennai zone) is Rs 18000 per sq.ft, effective 1 July 2024. It was Rs 16500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthialpet

Village

Chennai North Joint I

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹18000 /sq.ft.
From 1-4-2023 ₹16500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹11055 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹16500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹7400 /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(rajaji Salai)

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North Beech Road(Rajaji Salai) guideline value

The current guideline value of North Beech Road (Rajaji Salai) is Rs 18,000 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 Commercial Special Type - I.

How the guideline value of North Beech Road(Rajaji Salai) has changed

Over the years, the guideline value of North Beech Road (Rajaji Salai) has seen significant changes. In 2007, the guideline value was Rs 7,400 per sq.ft, which increased to Rs 16,500 per sq.ft in 2012. However, it then decreased to Rs 11,055 per sq.ft in 2017. The value rose sharply to Rs 16,500 per sq.ft in 2023 and has now reached Rs 18,000 per sq.ft in 2024. The revisions for the years 2002 and 2003 have no figures for this street.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has increased by 143%.

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, with a median value of Rs 5,500 per sq.ft. The guideline value of North Beech Road (Rajaji Salai) is above this median.

Stamp duty and registration fee for property in North Beech Road(Rajaji Salai)

For a 1,000 sq.ft plot at the current guideline value of Rs 18,000 per sq.ft, the total guideline value would be Rs 1,80,00,000. The stamp duty at 7% would amount to Rs 12,60,000, and the registration fee at 2% would be Rs 3,60,000, bringing the total fees to Rs 16,20,000. It is important 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 information.

Which Sub Registrar Office covers North Beech Road(Rajaji Salai)?

The Sub Registrar Office covering North Beech Road (Rajaji Salai) 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 plays a crucial role in the registration process when buying or selling property in Muthialpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of North Beech Road(Rajaji Salai)?

The current guideline value of North Beech Road (Rajaji Salai) is Rs 18,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 143% from Rs 7,400 per sq.ft in 2007 to Rs 18,000 per sq.ft in 2024.

What is the median guideline value in Muthialpet?

The median guideline value in Muthialpet is Rs 5,500 per sq.ft, with North Beech Road (Rajaji Salai) being above this median.

Where is the Sub Registrar Office for North Beech Road(Rajaji Salai)?

The Sub Registrar Office for North Beech Road (Rajaji Salai) is located at Nsc Bose Road, Kuralagam First Floor, Esplanade Street, Chennai-105.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,80,00,000, the total fees would be Rs 16,20,000.