Guideline Value for Besant Nagar 23rd Cross Street

Besant Nagar 23rd Cross Street guideline value

The current guideline value of Besant Nagar 23rd 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, classified as Residential Class II Type - I.

How the guideline value of Besant Nagar 23rd Cross Street has changed

The guideline value for Besant Nagar 23rd 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 2007 revision saw a significant jump to Rs 2,800 per sq.ft, which was a 216% increase. The value then rose to Rs 6,000 per sq.ft in 2012, representing a 114% increase. However, there was a notable decrease in 2017, bringing the value down to Rs 4,020 per sq.ft, which was a 33% decline. The 2023 revision set the value at Rs 6,000 per sq.ft, a 49% increase from the previous figure. Finally, the 2024 revision established the current guideline value at Rs 6,600 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions of certain years for this street. The overall change from 2002 to 2024 is an increase of 781%.

Guideline values in Urur

In Urur village, 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 23rd Cross Street.

• Besant Nagar 22nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 24th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 26th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 20th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 23rd 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 cost for these 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Besant Nagar 23rd Cross Street?

The Sub Registrar Office that covers Besant Nagar 23rd 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

When buying or selling property in Urur, the guideline value plays a critical role in the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government’s standards.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the stamp duty and registration fees applicable during the transaction. This ensures compliance with local regulations and helps in the smooth processing of property registrations.

Frequently asked questions

What is the current guideline value of Besant Nagar 23rd Cross Street?

The current guideline value of Besant Nagar 23rd 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%.

What is the stamp duty rate for properties in Besant Nagar 23rd Cross Street?

The stamp duty rate for properties in Besant Nagar 23rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Besant Nagar 23rd Cross Street?

The Sub Registrar Office for Besant Nagar 23rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What other streets in Urur have the same guideline value?

Several other streets in Urur also have a guideline value of Rs 6,600 per sq.ft for 2024, including Besant Nagar 22nd Cross Street, Besant Nagar 24th Cross Street, Besant Nagar 25th Cross Street, Besant Nagar 21st Cross Street, Besant Nagar 26th Cross Street, and Besant Nagar 20th Cross Street.