Guideline Value for BESANT NAGAR 18TH CROSS STREET

Besant Nagar 18th Cross Street guideline value

The current guideline value of Besant Nagar 18th Cross Street is Rs 12,660 per sq.ft. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Besant Nagar 18th Cross Street has changed

The guideline value for Besant Nagar 18th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,142 per sq.ft, which increased to Rs 1,264 per sq.ft in 2003. Following this, there was a significant rise to Rs 2,200 per sq.ft in 2007. The value then increased dramatically to Rs 11,500 per sq.ft in 2012, before declining to Rs 7,705 per sq.ft in 2017. The guideline value rose again to Rs 11,500 per sq.ft in 2023 and has now reached Rs 12,660 per sq.ft in the 2024 revision.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 423% increase from 2007 to 2012. The overall change from 2002 to 2024 is an increase of 1009%. The register does not have figures for the years not mentioned in the revisions.

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, placing Besant Nagar 18th Cross Street above this median.

• Besant Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 16th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 9,900 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 18th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value would be Rs 1,26,60,000. The stamp duty at 7% would amount to Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, resulting in a total of Rs 11,39,400. 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 information.

Which Sub Registrar Office covers Besant Nagar 18th Cross Street?

The Sub Registrar Office that covers Besant Nagar 18th 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 details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable charges. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 18th Cross Street?

The current guideline value of Besant Nagar 18th Cross Street is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced significant changes, increasing from Rs 1,142 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 1009% over the years.

What is the land classification for Besant Nagar 18th Cross Street?

Besant Nagar 18th Cross Street is classified as Commercial Class I Type - I, indicating its usage and zoning for commercial activities.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of this value for accurate financial planning.

Where can I find more information about the Sub Registrar Office?

More information about the Sub Registrar Office can be found by visiting 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 also find your SRO online.