Guideline Value for Besant Nagar 12th Cross Street

Besant Nagar 12th Cross Street guideline value

The current guideline value of Besant Nagar 12th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Besant Nagar 12th Cross Street has changed

The guideline value for Besant Nagar 12th Cross Street has undergone several revisions over the years. In 2002, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003. Following that, the value saw significant growth, reaching Rs 2,800 per sq.ft in 2007. The 2012 revision marked a decrease to Rs 6,000 per sq.ft, but by 2017, it had risen to Rs 4,020 per sq.ft. The value further increased to Rs 6,000 per sq.ft in 2023 and is now Rs 6,600 per sq.ft in 2024.

In summary, the changes between revisions show a +18% increase from 2002 to 2003, a +216% increase from 2003 to 2007, a +114% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. The overall increase from 2002 to 2024 is +781%.

Guideline values in Urur

In Urur, 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 12th Cross Street.

• Besant Nagar 11th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 13th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 10th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 14th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Avenue: Rs 12,700 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 12th 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 would be Rs 66,00,000. The stamp duty at 7% would amount to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 12th Cross Street?

The Sub Registrar Office that covers Besant Nagar 12th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is essential for property transactions in Urur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 12th Cross Street?

The current guideline value of Besant Nagar 12th 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 changed from Rs 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +781% over the years.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 66,00,000, the total fees would amount to Rs 5,94,000.

Which office handles property registrations for Besant Nagar 12th Cross Street?

The Adayar Sub Registrar Office handles property registrations for Besant Nagar 12th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Where can I find more information about guideline values in Urur?

More information about guideline values in Urur can be found in the Registration Department's guideline value register, which details the values for various streets under the Adayar SRO.