Guideline Value

Corporate

Guideline Value for Besant Nagar 2nd Main Road

₹9900/sq.ft.

The guideline value for Besant Nagar 2nd Main Road in Urur village (Adayar SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹886 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹749 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Besant Nagar 2nd Main Road

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Besant Nagar 2nd Main Road guideline value

The current guideline value of Besant Nagar 2nd Main Road is Rs 9,900 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 Special Type - II.

How the guideline value of Besant Nagar 2nd Main Road has changed

The guideline value for Besant Nagar 2nd Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 749 per sq.ft. This figure increased significantly to Rs 886 per sq.ft in 2003, marking an 18% rise. The value continued to grow, reaching Rs 4,800 per sq.ft in 2007, which was a substantial increase of 442%. By 2012, the value was Rs 9,000 per sq.ft, reflecting an 88% increase from the previous revision. However, this figure decreased to Rs 6,030 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose to Rs 9,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 9,900 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1222%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with 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, and the guideline value for Besant Nagar 2nd Main Road is above this median.

Stamp duty and registration fee for property in Besant Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost for these fees to Rs 8,91,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 2nd Main Road?

The Sub Registrar Office that covers Besant Nagar 2nd Main Road 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 figure used during the registration of property transactions. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory when buying or selling property in Urur. This ensures that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price.

Frequently asked questions

What is the current guideline value of Besant Nagar 2nd Main Road?

The current guideline value of Besant Nagar 2nd Main Road is Rs 9,900 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 9,900 per sq.ft in 2024, reflecting an overall increase of 1222% over this period.

What is the registration office for Besant Nagar 2nd Main Road?

The registration office for Besant Nagar 2nd Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For instance, if the guideline value is Rs 9,900 per sq.ft, the stamp duty will be calculated on that value if the sale price is lower.

What are the other streets in Urur with their guideline values?

Other streets in Urur have varying guideline values. For example, Besant Nagar 2nd Cross Street and Besant Nagar 30th Cross Street both have a guideline value of Rs 6,600 per sq.ft in 2024.