Guideline Value for BESANT NAGAR 17TH CROSS STREET

Besant Nagar 17th Cross Street guideline value

The current guideline value of Besant Nagar 17th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Besant Nagar 17th Cross Street has changed

The guideline value for Besant Nagar 17th Cross Street has seen several revisions over the years. In the 2002 revision, the value was Rs 1,900 per sq.ft. This increased to Rs 2,102 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 2,200 per sq.ft in 2007, which was a 5% increase. Following this, the 2012 revision set the value at Rs 9,000 per sq.ft, reflecting a significant increase of 309%. However, in the 2017 revision, the value dropped to Rs 6,030 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 9,000 per sq.ft, followed by a further increase to the current value of Rs 9,900 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 421%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry 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 2024 figure for Besant Nagar 17th Cross Street.

• Besant Nagar 16th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 18th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 9,900 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 17th 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 would be Rs 99,00,000. The stamp duty at 7% would amount to 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Besant Nagar 17th Cross Street?

The Sub Registrar Office that covers Besant Nagar 17th 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. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Thiruvanmiyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Besant Nagar 17th Cross Street?

The current guideline value of Besant Nagar 17th 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 changed significantly over the years, with the most recent revision in 2024 increasing it to Rs 9,900 per sq.ft from Rs 9,000 per sq.ft in 2023.

What is the land classification for Besant Nagar 17th Cross Street?

The land classification for Besant Nagar 17th Cross Street is Residential Class I Type - I.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where is the Sub Registrar Office for Besant Nagar 17th Cross Street located?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.