Guideline Value for BESANT NAGAR 32ND CROSS STREET

Besant Nagar 32nd Cross Street guideline value

The current guideline value of Besant Nagar 32nd 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 32nd Cross Street has changed

The guideline value for Besant Nagar 32nd Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 886 per sq.ft, which increased to Rs 980 per sq.ft in 2003, marking an 11% rise. The value then surged to Rs 2,200 per sq.ft in 2007, a remarkable increase of 124%. Following this, it reached Rs 9,000 per sq.ft in 2012, which was a substantial jump of 309% from the previous revision. However, the value dropped to Rs 6,030 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 saw it rise again to Rs 9,000 per sq.ft, and the latest revision in 2024 has set it 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 1017%. There are no figures available for any other years 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 32nd Cross Street.

• Besant Nagar 31st Cross Street: Rs 9,900 per sq.ft (2024)
• Besant Nagar 30th 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 6th AVENUE: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 32nd 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 information.

Which Sub Registrar Office covers Besant Nagar 32nd Cross Street?

The Sub Registrar Office that covers Besant Nagar 32nd 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 a crucial factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms and to calculate the applicable fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 32nd Cross Street?

The current guideline value of Besant Nagar 32nd 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 increased from Rs 886 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 1017% over the years.

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

Other streets in Thiruvanmiyur with similar guideline values include Besant Nagar 31st Cross Street, Besant Nagar 30th Cross Street, Besant Nagar 29th Cross Street, and Besant Nagar 28th Cross Street, all valued at Rs 9,900 per sq.ft in 2024.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Besant Nagar 32nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Besant Nagar 32nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.