Guideline Value for Besant Nagar 24th Cross Street

Besant Nagar 24th Cross Street guideline value

The current guideline value of Besant Nagar 24th 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 24th Cross Street has changed

Over the years, the guideline value of Besant Nagar 24th Cross Street has seen significant changes. In 2002, the guideline value was Rs 749 per sq.ft. This increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value further surged to Rs 2,800 per sq.ft in 2007, reflecting a substantial 216% increase. The 2012 revision saw a decrease to Rs 6,000 per sq.ft, a drop of 33%. However, this was followed by a rise to Rs 4,020 per sq.ft in 2017, which was a 49% increase. The guideline value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,600 per sq.ft in 2024, representing a 10% increase.

It is important to note that there are no figures available for the years not listed in the register for this street. The overall change from 2002 to 2024 shows an increase of 781% in the guideline value.

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, which is the same as the 2024 figure for Besant Nagar 24th Cross Street.

• Besant Nagar 23rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 22nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 26th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 27th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 21st Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 24th 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 amounts to 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, making the total fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 24th Cross Street?

The Sub Registrar Office that covers Besant Nagar 24th 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 when registering property transactions in Urur. It serves as a benchmark for determining the minimum price at which a property can be sold or transferred. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Besant Nagar 24th Cross Street?

The current guideline value for Besant Nagar 24th 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 property in Besant Nagar 24th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty at 7% is Rs 4,62,000, and the registration fee at 2% is Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Besant Nagar 24th Cross Street?

The Adayar Sub Registrar Office covers Besant Nagar 24th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Besant Nagar 24th Cross Street?

Besant Nagar 24th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.