Guideline Value for Besant Nagar 1st Main Road

Besant Nagar 1st Main Road guideline value

The current guideline value of Besant Nagar 1st Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Besant Nagar 1st Main Road has changed

The guideline value has seen several revisions over the years. In 2002, the value was Rs 1,415 per sq.ft, which increased to Rs 1,674 per sq.ft in 2003, marking an increase of 18%. The value continued to rise significantly, reaching Rs 4,800 per sq.ft in 2007, an increase of 187%. By 2012, the value was Rs 9,000 per sq.ft, which was a decrease of 33% from the previous revision. The guideline value remained at Rs 9,000 per sq.ft until 2017, when it increased to Rs 6,030 per sq.ft. This was followed by a substantial rise to Rs 9,000 per sq.ft in 2023, and finally, the current value of Rs 9,900 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 600%. The register does not have figures for revisions in years other than those mentioned, which are 2002, 2003, 2007, 2012, 2017, 2023, and 2024.

Guideline values in Urur

In Urur village, there are a total of 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, and Besant Nagar 1st Main Road's 2024 figure is above this median.

• Besant Nagar 1st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 20th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 22nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 19th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty, charged at 7%, would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost for stamp duty and registration fee would be Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Besant Nagar 1st Main Road?

The Sub Registrar Office that covers Besant Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Urur. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records.

Additionally, the guideline value influences the amount of stamp duty and registration fees payable during the transaction. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Besant Nagar 1st Main Road?

The current guideline value of Besant Nagar 1st Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,415 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 600% across the years.

What is the median guideline value in Urur?

The median guideline value for the 176 streets in Urur is Rs 6,600 per sq.ft for the year 2024.

What are the stamp duty and registration fees for property in Besant Nagar 1st Main Road?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where is the Adayar Sub Registrar Office located?

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