Guideline Value for Besant Nagar 19th Cross Street

Besant Nagar 19th Cross Street guideline value

The current guideline value of Besant Nagar 19th 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 19th Cross Street has changed

In the 2002 revision, the guideline value was Rs 749 per sq.ft. This increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value saw a significant increase in the following years, reaching Rs 2,800 per sq.ft in 2007, which was a 216% increase from 2003. The 2012 revision recorded a guideline value of Rs 6,000 per sq.ft, reflecting a 114% increase from 2007, but this was followed by a decrease to Rs 4,020 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 6,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 6,600 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 781%. It is important to note that there are no figures available for revisions in years not listed above.

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 for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Besant Nagar 19th Cross Street.

• Besant Nagar 18th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 17th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 16th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 19th 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 duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 19th Cross Street?

The Sub Registrar Office that covers Besant Nagar 19th 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 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, as the registration fees and stamp duty are calculated based on it.

When registering a property, the guideline value ensures that the transaction is documented at a fair price according to the local market conditions. It helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 19th Cross Street?

The current guideline value of Besant Nagar 19th 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 this period.

What is the land classification of Besant Nagar 19th Cross Street?

Besant Nagar 19th Cross Street is classified as Residential Class II Type - I.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where can I find the Sub Registrar Office for Besant Nagar 19th Cross Street?

The Adayar Sub Registrar Office covers this area and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.