Guideline Value

Corporate

Guideline Value for Besant Nagar 14th Cross Street

₹6600/sq.ft.

The guideline value for Besant Nagar 14th Cross Street in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹886 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹749 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Besant Nagar 14th Cross Street

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Besant Nagar 14th Cross Street guideline value

The current guideline value of Besant Nagar 14th 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 14th Cross Street has changed

The guideline value for Besant Nagar 14th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003. The value continued to rise significantly, reaching Rs 2,800 per sq.ft in 2007. However, it saw a decline to Rs 6,000 per sq.ft in 2012, before increasing again to Rs 4,020 per sq.ft in 2017. The most recent revisions show that the value was Rs 6,000 per sq.ft in 2023, and it has now risen to Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 781%. The register has no figure for the years not mentioned in the provided data.

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 for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Besant Nagar 14th Cross Street.

Stamp duty and registration fee for property in Besant Nagar 14th 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, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Besant Nagar 14th Cross Street?

The Sub Registrar Office that covers Besant Nagar 14th 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 information.

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

The guideline value is an essential factor in the registration of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property in Urur, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 14th Cross Street?

The current guideline value of Besant Nagar 14th 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 this period.

What are the stamp duty and registration fees for property in Besant Nagar 14th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty at 7% is Rs 4,62,000, and the registration fee at 2% is Rs 1,32,000, totaling Rs 5,94,000 for these fees.

Which Sub Registrar Office covers Besant Nagar 14th Cross Street?

The Adayar Sub Registrar Office covers Besant Nagar 14th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and helps calculate the applicable stamp duty and registration fees during transactions in Urur.