Guideline Value for Besant Nagar 26th Cross Street

Besant Nagar 26th Cross Street guideline value

The current guideline value of Besant Nagar 26th 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 is classified as Residential Class II Type - I.

How the guideline value of Besant Nagar 26th Cross Street has changed

The guideline value of Besant Nagar 26th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, when it was Rs 749 per sq.ft. This value increased significantly to Rs 886 per sq.ft in 2003, marking an increase of 18%. The next revision in 2007 saw a substantial rise to Rs 3,630 per sq.ft, which was a 310% increase. In 2012, the value adjusted to Rs 6,000 per sq.ft, reflecting a decrease of 33% from the previous figure. The 2017 revision brought the value to Rs 4,020 per sq.ft, a 49% increase from 2012. The most recent revisions occurred in 2023 and 2024, with the value rising from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, which is a 10% increase.

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

Guideline values in Urur

In Urur village, 176 streets under the Adayar SRO have a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Besant Nagar 26th Cross Street aligns with this median.

• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 27th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 24th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 28th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 23rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 22nd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 26th 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 cost for these 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 26th Cross Street?

The Adayar Sub Registrar Office covers Besant Nagar 26th Cross Street. The office is 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 in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Besant Nagar 26th Cross Street?

The current guideline value of Besant Nagar 26th 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 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 stamp duty for property in Besant Nagar 26th Cross Street?

The stamp duty for property in Besant Nagar 26th Cross Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 4,62,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Besant Nagar 26th Cross Street?

Besant Nagar 26th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.