Guideline Value for Besant Nagar 20th Cross Street

Besant Nagar 20th Cross Street guideline value

The current guideline value of Besant Nagar 20th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Besant Nagar 20th Cross Street has changed

Over the years, the guideline value of Besant Nagar 20th Cross Street has seen significant changes. Starting from Rs 749 per sq.ft in 2002, the value increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The subsequent revisions saw a substantial increase, with the value reaching Rs 2,800 per sq.ft in 2007, a remarkable 216% jump. By 2012, the value was Rs 6,000 per sq.ft, which was a 114% increase from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, reflecting a decrease of 33%.

In the 2023 revision, the guideline value rose to Rs 6,000 per sq.ft, and the latest revision in 2024 has set it at Rs 6,600 per sq.ft, which is a 10% increase from the previous year. 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 value is Rs 6,600 per sq.ft, placing Besant Nagar 20th Cross Street at this median value for 2024.

• Besant Nagar 1st Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 22nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 23rd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 20th 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 is Rs 66,00,000. The stamp duty at 7% would be 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 detailed calculations.

Which Sub Registrar Office covers Besant Nagar 20th Cross Street?

The Sub Registrar Office that covers Besant Nagar 20th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial reference point during the registration of property transactions in Urur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of a property. This value is essential for calculating the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Besant Nagar 20th Cross Street?

The current guideline value of Besant Nagar 20th 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, reflecting an overall increase of 781% over the years.

What is the land classification for Besant Nagar 20th Cross Street?

Besant Nagar 20th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

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

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value of the property. You can use the stamp duty and registration fee calculator for accurate calculations.