Guideline Value for BESANT NAGAR 19TH CROSS STREET

Besant Nagar 19th Cross Street guideline value

The current guideline value of Besant Nagar 19th 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 19th Cross Street has changed

The guideline value for Besant Nagar 19th Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was set at Rs 1,900 per sq.ft. This increased to Rs 2,102 per sq.ft in 2003, marking an 11% rise. The value saw a modest increase of 5% to Rs 2,200 per sq.ft in 2007. However, a significant jump occurred in 2012 when the value rose to Rs 9,000 per sq.ft, reflecting a 309% increase. The 2017 revision saw a decrease to Rs 6,030 per sq.ft, a drop of 33%. The guideline value then increased to Rs 9,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 9,900 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 421%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is equal to the guideline value of Besant Nagar 19th Cross Street.

• Besant Nagar 18th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 16th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 19th 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, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for stamp duty and registration would be Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 19th Cross Street?

The Sub Registrar Office that covers Besant Nagar 19th 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 plays a crucial role in property transactions in Thiruvanmiyur. It is the basis for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Besant Nagar 19th Cross Street?

The current guideline value of Besant Nagar 19th 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 from Rs 1,900 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 421% over the years.

What are the other streets in Thiruvanmiyur with their guideline values?

Other streets in Thiruvanmiyur include Besant Nagar 18th Cross Street at Rs 12,660 per sq.ft, Besant Nagar 1st Avenue at Rs 11,000 per sq.ft, and several others, with values ranging from Rs 9,900 to Rs 12,660 per sq.ft in 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. This is applicable when registering properties in the area.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office 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. For more details, you can use the provided link to find your SRO.