Guideline Value for Besant Nagar 10th Cross Street

Besant Nagar 10th Cross Street guideline value

The current guideline value of Besant Nagar 10th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Besant Nagar 10th Cross Street has changed

The guideline value for Besant Nagar 10th Cross Street has seen significant changes over the years. In 2002, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003. The value continued to rise, reaching Rs 2,800 per sq.ft in 2007, followed by a jump to Rs 6,000 per sq.ft in 2012. However, it dropped to Rs 4,020 per sq.ft in 2017. The value then increased to Rs 6,000 per sq.ft in 2023, and finally, it has reached Rs 6,600 per sq.ft in the 2024 revision.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 114% increase from 2007 to 2012, a 216% increase from 2003 to 2007, and an 18% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 781%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Besant Nagar 10th Cross Street.

• Besant Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 11th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 12th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 13th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 14th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that 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 10th Cross Street?

The Sub Registrar Office that covers Besant Nagar 10th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Urur

The guideline value is a crucial factor when registering property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 10th Cross Street?

The current guideline value of Besant Nagar 10th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 781% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty is Rs 4,62,000 and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration for Besant Nagar 10th Cross Street?

The Adayar Sub Registrar Office handles the registration for Besant Nagar 10th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Besant Nagar 10th Cross Street?

The land classification for Besant Nagar 10th Cross Street is Residential Class II Type - I.