Guideline Value

Corporate

Guideline Value for BESANT NAGAR 1ST AVENUE

₹11000/sq.ft.

The guideline value for Besant Nagar 1st Avenue in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹926 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹837 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Besant Nagar 1st Avenue

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Besant Nagar 1st Avenue guideline value

The current guideline value of Besant Nagar 1st Avenue is Rs 11,000 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 Special Type - II.

How the guideline value of Besant Nagar 1st Avenue has changed

The guideline value for Besant Nagar 1st Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 837 per sq.ft, which increased to Rs 926 per sq.ft in 2003. The value then rose sharply to Rs 2,200 per sq.ft in 2007, marking a 138% increase from the previous year. Following that, the value experienced a substantial increase to Rs 10,000 per sq.ft in 2012, which represented a 355% rise from 2007. However, from 2012 to 2017, the value decreased to Rs 6,700 per sq.ft, reflecting a 33% decline.

From 2017 to 2023, the guideline value increased significantly to Rs 10,000 per sq.ft, a rise of 49%. The latest revision in 2024 set the value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1214%.

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, making the 2024 figure for Besant Nagar 1st Avenue above that median.

Stamp duty and registration fee for property in Besant Nagar 1st Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 1st Avenue?

The Sub Registrar Office that covers Besant Nagar 1st Avenue 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

When buying or selling property in Thiruvanmiyur, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is essential for both buyers and sellers as it establishes the minimum value on which these charges are calculated.

It is important to note that the guideline value may differ from the actual sale price of a property. In such cases, the duty is charged on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 1st Avenue?

The current guideline value of Besant Nagar 1st Avenue is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 837 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting a total increase of 1214% over the years.

What is the land classification for Besant Nagar 1st Avenue?

Besant Nagar 1st Avenue is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Where can I find the Sub Registrar Office for Besant Nagar 1st Avenue?

The Sub Registrar Office for Besant Nagar 1st Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.