Guideline Value for Besant Nagar 27th Cross Street

Besant Nagar 27th Cross Street guideline value

The current guideline value of Besant Nagar 27th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Besant Nagar 27th Cross Street has changed

The guideline value for Besant Nagar 27th Cross Street has undergone several revisions over the years. Starting from Rs 749 per sq.ft in 2002, it increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value continued to grow significantly, reaching Rs 2,800 per sq.ft in 2007, which was a 216% increase from the previous year. In 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a 114% increase from 2007. However, it dropped by 33% to Rs 4,020 per sq.ft in 2017.

In the 2023 revision, the guideline value rose to Rs 6,000 per sq.ft, and then further increased by 10% to the current value of Rs 6,600 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 781%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Urur

In Urur village, the guideline values range from Rs 4,400 to Rs 15,400 per sq.ft as per the 2024 revision, with the median value being Rs 6,600 per sq.ft. The guideline value of Besant Nagar 27th Cross Street is equal to this median.

• Besant Nagar 26th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 28th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 24th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 29th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 23rd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 27th 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, while the registration fee at 2% would be Rs 1,32,000. Together, these fees would total Rs 5,94,000. It is important to note that 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 27th Cross Street?

The Sub Registrar Office that covers Besant Nagar 27th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration process when buying or selling property in Urur. It serves as a benchmark for calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property deals.

Frequently asked questions

What is the current guideline value of Besant Nagar 27th Cross Street?

The current guideline value of Besant Nagar 27th 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, representing an overall increase of 781% over this period.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office registers properties in Besant Nagar 27th Cross Street?

The Adayar Sub Registrar Office is responsible for registering properties in Besant Nagar 27th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Besant Nagar 27th Cross Street?

Besant Nagar 27th Cross Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.