Guideline Value for BESANT NAGAR 31ST CROSS STREET

Besant Nagar 31st Cross Street guideline value

The current guideline value of Besant Nagar 31st 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 31st Cross Street has changed

The guideline value for Besant Nagar 31st Cross Street has seen several revisions over the years. In 2002, the value was Rs 939 per sq.ft, which increased to Rs 1,039 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 112% increase. Following this, the value jumped to Rs 9,000 per sq.ft in 2012, showing a remarkable increase of 309%. However, it decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The value was Rs 9,000 per sq.ft in 2023, before rising again to the current value of Rs 9,900 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 954%. The register has no figure for this street for the years not mentioned in the revisions above.

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 value is Rs 9,900 per sq.ft, which is equal to the current guideline value for Besant Nagar 31st Cross Street.

• Besant Nagar 30th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 2nd Avenue: Rs 11,000 per sq.ft (2024)
• Besant Nagar 29th Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 28th 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 31st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 31st Cross Street?

The Sub Registrar Office that covers Besant Nagar 31st 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

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with legal requirements and helps in accurately assessing the costs involved in property transactions within the area.

Frequently asked questions

What is the current guideline value of Besant Nagar 31st Cross Street?

The current guideline value of Besant Nagar 31st 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 939 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 954% over the years.

What is the stamp duty rate for property in Besant Nagar 31st Cross Street?

The stamp duty rate for property in Besant Nagar 31st Cross Street is 7%, calculated on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Besant Nagar 31st Cross Street?

The Sub Registrar Office for Besant Nagar 31st 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.

What is the land classification for Besant Nagar 31st Cross Street?

The land classification for Besant Nagar 31st Cross Street is Residential Class I Type - I.