Guideline Value for Besant Nagar 17th Cross Street

Besant Nagar 17th Cross Street guideline value

The current guideline value of Besant Nagar 17th 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 17th Cross Street has changed

The guideline value for Besant Nagar 17th Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003. Following that, the value rose dramatically to Rs 2,800 per sq.ft in 2007, then to Rs 6,000 per sq.ft in 2012. However, it decreased to Rs 4,020 per sq.ft in 2017, before climbing back to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

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

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 guideline value of Besant Nagar 17th Cross Street.

• Besant Nagar 16th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 18th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 14th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 13th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 17th 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 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 more information.

Which Sub Registrar Office covers Besant Nagar 17th Cross Street?

The Sub Registrar Office that covers Besant Nagar 17th 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 in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is registered, the guideline value helps to ascertain the appropriate fees that need to be paid. This ensures that both parties are aware of their financial obligations and that the transaction is conducted fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Besant Nagar 17th Cross Street?

The current guideline value of Besant Nagar 17th 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 significantly from Rs 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 781% over the years.

What is the land classification for Besant Nagar 17th Cross Street?

Besant Nagar 17th Cross Street is classified as Residential Class II Type - I under the land classification system.

Where can I find the Sub Registrar Office for Besant Nagar 17th Cross Street?

The Adayar Sub Registrar Office, which covers Besant Nagar 17th Cross Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a property with a guideline value of Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 and a registration fee of Rs 1,32,000.