Guideline Value for Besant Nagar 2nd Cross Street

Besant Nagar 2nd Cross Street guideline value

The current guideline value of Besant Nagar 2nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Besant Nagar 2nd Cross Street has changed

The guideline value has undergone several revisions over the years. In 2002, the value was Rs 768 per sq.ft, which increased to Rs 909 per sq.ft in 2003, marking an increase of 18%. The value saw a significant rise to Rs 2,800 per sq.ft in 2007, reflecting a change of 208%. By 2012, the value was Rs 6,000 per sq.ft, an increase of 114% from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 6,600 per sq.ft, an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 759%. There are no figures available for other revisions for this street.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO, with a 2024 guideline value range 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 guideline value for Besant Nagar 2nd Cross Street.

• Besant Nagar 2nd Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 2nd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 30th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 29th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 31th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 28th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 2nd 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 fees to Rs 5,94,000. It is important to note that the stamp 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 2nd Cross Street?

The Sub Registrar Office that covers Besant Nagar 2nd 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 the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 2nd Cross Street?

The current guideline value of Besant Nagar 2nd 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 768 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 759% over this period.

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

For a property valued at Rs 66,00,000, the 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 handles property registrations in Besant Nagar?

The Adayar Sub Registrar Office handles property registrations for Besant Nagar 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Where can I find more information about guideline values in Urur?

For more information about guideline values in Urur, you can refer to the Registration Department's guideline value register or visit the Adayar Sub Registrar Office.