Guideline Value for Besant Nagar 28th Cross Street

Besant Nagar 28th Cross Street guideline value

The current guideline value of Besant Nagar 28th 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 28th Cross Street has changed

The guideline value for Besant Nagar 28th Cross Street has seen several revisions over the years. In 2002, the value was Rs 749 per sq.ft, which increased to Rs 1,540 per sq.ft in 2003, marking a significant rise of 106%. The value continued to increase, reaching Rs 2,800 per sq.ft in 2007, a change of 82%. The next revision in 2012 saw a decrease to Rs 6,000 per sq.ft, which was a drop of 33%. However, from 2012 to 2017, the value increased again to Rs 4,020 per sq.ft, reflecting a rise of 114%. The 2023 revision set the value at Rs 6,000 per sq.ft, followed by the latest revision in 2024, which brought the value to Rs 6,600 per sq.ft, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 781%. Notably, there are no figures available for the revisions between 2017 and 2023 for this street.

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 the same as the guideline value for Besant Nagar 28th Cross Street.

• Besant Nagar 27th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 26th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 29th 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 2nd Avenue: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 28th 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 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Besant Nagar 28th Cross Street?

The Sub Registrar Office that covers Besant Nagar 28th 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

The guideline value plays a crucial role in property transactions in Urur. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Besant Nagar 28th Cross Street?

The current guideline value for Besant Nagar 28th 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 is the stamp duty rate for properties in Besant Nagar 28th Cross Street?

The stamp duty rate for properties in Besant Nagar 28th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Besant Nagar 28th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the guideline values for other streets in Urur?

Other streets in Urur have varying guideline values, with the median being Rs 6,600 per sq.ft. Streets like Besant Nagar 27th Cross Street and Besant Nagar 26th Cross Street also share this value.