Guideline Value for Besant Nagar 22nd Cross Street

Besant Nagar 22nd Cross Street guideline value

The current guideline value of Besant Nagar 22nd 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Besant Nagar 22nd Cross Street has changed

The guideline value for Besant Nagar 22nd Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 749 per sq.ft. In 2003, it increased to Rs 886 per sq.ft, marking an 18% rise. The value then saw a significant jump to Rs 2,800 per sq.ft in 2007, reflecting a 216% increase. By 2012, the value was Rs 6,000 per sq.ft, which represented a 114% increase from 2007. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33% from the previous revision. The value then rose to Rs 6,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 781%. There are no figures available for any other revisions for this street.

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 22nd Cross Street.

• Besant Nagar 23rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 24th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 20th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 1st Main Road: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 22nd 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 be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling 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 more information.

Which Sub Registrar Office covers Besant Nagar 22nd Cross Street?

The Sub Registrar Office that covers Besant Nagar 22nd 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 details.

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

The guideline value is a crucial factor when buying or selling property in Urur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 22nd Cross Street?

The current guideline value of Besant Nagar 22nd 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 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.

Which Sub Registrar Office handles properties in Besant Nagar 22nd Cross Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles properties in Besant Nagar 22nd Cross Street.

What is the land classification for Besant Nagar 22nd Cross Street?

Besant Nagar 22nd Cross Street falls under the Residential Class II Type - I land classification.