Guideline Value for BESANT NAGAR 21ST CROSS STREET

Besant Nagar 21st Cross Street guideline value

The current guideline value of Besant Nagar 21st 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 21st Cross Street has changed

The guideline value for Besant Nagar 21st Cross Street has undergone several revisions over the years. Starting from the earliest revision in 2002, the guideline value was Rs 1,313 per sq.ft. This figure increased to Rs 1,453 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 2,200 per sq.ft in 2007, representing a 51% increase. Following this, the guideline value saw a substantial jump to Rs 9,000 per sq.ft in 2012, which was a 309% increase. However, it decreased to Rs 6,030 per sq.ft in 2017, reflecting a decline of 33%. The value then climbed to Rs 9,000 per sq.ft in 2023, before reaching the current figure of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year. There are no figures available for revisions in years not listed.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, which is equal to the guideline value of Besant Nagar 21st Cross Street.

• Besant Nagar 1st Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 28th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 18th Cross Street: Rs 12,660 per sq.ft (2024)
• Besant Nagar 29th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 17th Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 21st 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 21st Cross Street?

The Sub Registrar Office that covers Besant Nagar 21st 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 calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is used to determine the minimum value for which the property can be registered. Buyers and sellers must be aware of this value, as it can affect the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Besant Nagar 21st Cross Street?

The current guideline value of Besant Nagar 21st 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 seen various changes, from Rs 1,313 per sq.ft in 2002 to the current Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 654% since 2002.

What is the registration office for Besant Nagar 21st Cross Street?

The registration office for Besant Nagar 21st 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 transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at a rate of 7%.

What other streets have similar guideline values in Thiruvanmiyur?

Other streets in Thiruvanmiyur with similar guideline values include Besant Nagar 19th Cross Street, Besant Nagar 28th Cross Street, Besant Nagar 29th Cross Street, and Besant Nagar 17th Cross Street, all at Rs 9,900 per sq.ft for 2024.