Guideline Value for Besant Nagar 29th Cross Street

Besant Nagar 29th Cross Street guideline value

The current guideline value of Besant Nagar 29th 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 29th Cross Street has changed

The guideline value for Besant Nagar 29th Cross Street has seen several revisions over the years. In 2002, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value continued to climb significantly, reaching Rs 2,800 per sq.ft in 2007, representing a 216% increase from the previous revision. By 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a 114% increase from 2007. However, it then decreased to Rs 4,020 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose to Rs 6,000 per sq.ft, and then further increased by 10% to Rs 6,600 per sq.ft in 2024. The overall change from 2002 to 2024 indicates an increase of 781%. There are no figures available for the years between these revisions for this street.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that have 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 29th Cross Street.

• Besant Nagar 28th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 2nd Avenue: Rs 9,900 per sq.ft (2024)
• 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 2nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 25th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 29th 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 be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total charges 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 29th Cross Street?

The Sub Registrar Office that covers Besant Nagar 29th 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 determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value according to government standards. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 29th Cross Street?

The current guideline value of Besant Nagar 29th 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, marking an overall increase of 781% over the years.

What is the median guideline value for streets in Urur?

The median guideline value for streets in Urur is Rs 6,600 per sq.ft, which is the same as the current value for Besant Nagar 29th Cross Street.

What are the stamp duty and registration fees for a property in this area?

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.

Where can I find the Sub Registrar Office for Besant Nagar 29th Cross Street?

The Adayar Sub Registrar Office covers Besant Nagar 29th Cross Street and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.