Guideline Value for Besant Nagar 18th Cross Street

Besant Nagar 18th Cross Street guideline value

The current guideline value of Besant Nagar 18th 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 18th Cross Street has changed

The guideline value for Besant Nagar 18th Cross Street has seen several revisions over the years. In 2002, the value was Rs 749 per sq.ft. This increased to Rs 886 per sq.ft in 2003, reflecting a change of +18%. The value then rose significantly to Rs 2,800 per sq.ft in 2007, marking an increase of +216%. Following this, the value decreased to Rs 6,000 per sq.ft in 2012, a drop of -33%. In 2017, the guideline value was Rs 4,020 per sq.ft, which then increased to Rs 6,000 per sq.ft in 2023, showing a rise of +49%. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which is a +10% change from the previous year.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +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 guideline value is Rs 6,600 per sq.ft, which is equal to the current value of Besant Nagar 18th Cross Street.

• Besant Nagar 17th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 16th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 15th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 18th 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 together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 18th Cross Street?

The Sub Registrar Office that covers Besant Nagar 18th 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 plays a crucial role in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value at which property transactions must be registered, ensuring transparency in property dealings.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Besant Nagar 18th Cross Street?

The current guideline value for Besant Nagar 18th 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, marking an overall increase of +781% over the years.

What is the registration office for Besant Nagar 18th Cross Street?

The registration office for Besant Nagar 18th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Besant Nagar 18th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at a rate of 7%.

What is the land classification for Besant Nagar 18th Cross Street?

Besant Nagar 18th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.