Guideline Value for BESANT NAGAR 15TH CROSS STREET

Besant Nagar 15th Cross Street guideline value

The current guideline value of Besant Nagar 15th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Besant Nagar 15th Cross Street has changed

The guideline value for Besant Nagar 15th Cross Street has seen significant changes over the years. In 2002, the value was Rs 1,543 per sq.ft, which increased to Rs 1,707 per sq.ft in 2003, marking an 11% rise. The value then saw a modest increase of 5% to reach Rs 1,800 per sq.ft in 2007. A substantial jump occurred in 2012, where the value surged to Rs 9,000 per sq.ft, reflecting a remarkable 400% increase from the previous revision. However, this was followed by a decline of 33% to Rs 6,030 per sq.ft in 2017.

From 2017 to 2023, the guideline value experienced a notable increase of 49%, reaching Rs 9,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 9,900 per sq.ft, which is a 10% increase from the 2023 figure. The overall change from 2002 to 2024 represents a significant increase of 542%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO carrying a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, which is equal to the current figure for Besant Nagar 15th Cross Street.

• Besant Nagar 16th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 18th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 15th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Besant Nagar 15th Cross Street?

Besant Nagar 15th Cross Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thiruvanmiyur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value helps in determining the legal value of the property. Buyers and sellers should be aware that the guideline value can affect the overall cost of the transaction, including taxes and fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 15th Cross Street?

The current guideline value of Besant Nagar 15th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,543 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, representing an overall increase of 542% over the years.

What is the registration office for Besant Nagar 15th Cross Street?

The registration office for Besant Nagar 15th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for property in Besant Nagar 15th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 6,93,000.

What are the guideline values of other streets in Thiruvanmiyur?

Other streets in Thiruvanmiyur have varying guideline values, with rates ranging from Rs 3,520 to Rs 12,660 per sq.ft. Besant Nagar 15th Cross Street's current value of Rs 9,900 per sq.ft is equal to the median value for the area.