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Guideline Value

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Guideline Value for Besant Nagar 21st Cross Street

₹6600/sq.ft.

The guideline value for Besant Nagar 21st Cross Street in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1051 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹889 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Besant Nagar 21st Cross Street

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Besant Nagar 21st Cross Street guideline value

The current guideline value of Besant Nagar 21st 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 the land classification is Residential Class II Type - I.

How the guideline value of Besant Nagar 21st Cross Street has changed

The guideline value for Besant Nagar 21st Cross Street has seen several revisions over the years. In 2002, the value was Rs 889 per sq.ft, which increased to Rs 1,051 per sq.ft in 2003, marking an 18% rise. The value further increased significantly to Rs 2,800 per sq.ft in 2007, reflecting a 166% change. Following this, the value rose to Rs 6,000 per sq.ft in 2012, showing a 114% increase. However, it dropped to Rs 4,020 per sq.ft in 2017, indicating a decline of 33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 642%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which matches the current value of Besant Nagar 21st Cross Street.

Stamp duty and registration fee for property in Besant Nagar 21st 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 to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Besant Nagar 21st Cross Street?

The Sub Registrar Office that covers Besant Nagar 21st 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 a crucial factor during property registration in Urur. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling property. The guideline value ensures that the transaction is documented at a fair and standard rate.

When a property is registered, the higher value between the guideline value and the sale price is used for calculating the stamp duty. This means that buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Besant Nagar 21st Cross Street?

The current guideline value of Besant Nagar 21st 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 889 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 642% over the years.

What is the land classification for Besant Nagar 21st Cross Street?

The land classification for Besant Nagar 21st Cross Street is Residential Class II Type - I.

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

The Adayar Sub Registrar Office covers Besant Nagar 21st Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. This ensures that the appropriate fees are collected during the registration process.