Guideline Value for BESANT NAGAR 28TH CROSS STREET

Besant Nagar 28th Cross Street guideline value

The current guideline value of Besant Nagar 28th 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 28th Cross Street has changed

The guideline value for Besant Nagar 28th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 9,000 per sq.ft. This figure saw a decrease to Rs 6,030 per sq.ft in 2017, marking a -33% change. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 9,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, reflecting a 10% increase from the previous year, 2023.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a total increase of 10%.

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 aligns with the current value of Besant Nagar 28th Cross Street.

• Besant Nagar 29th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 2nd Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 30th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 31st Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 28th 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 cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Besant Nagar 28th Cross Street?

Besant Nagar 28th Cross Street is covered by the Chennai South Joint I Sub Registrar Office. The office is 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 during property registration in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Besant Nagar 28th Cross Street?

The current guideline value of Besant Nagar 28th 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 9,000 per sq.ft in 2012 to Rs 6,030 per sq.ft in 2017, then increased to Rs 9,000 per sq.ft in 2023, and finally to Rs 9,900 per sq.ft in 2024.

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

Other streets in Thiruvanmiyur with a guideline value of Rs 9,900 per sq.ft include Besant Nagar 29th Cross Street, Besant Nagar 21st Cross Street, Besant Nagar 30th Cross Street, and Besant Nagar 31st Cross Street.

What is the registration fee for property in Besant Nagar 28th Cross Street?

The registration fee for property in Besant Nagar 28th Cross Street is calculated based on the guideline value. For example, for a property valued at Rs 99,00,000, the registration fee at 2% would be Rs 1,98,000.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Besant Nagar 28th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.