Guideline Value for Besant Nagar 30th Cross Street

Besant Nagar 30th Cross Street guideline value

The current guideline value of Besant Nagar 30th 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 is classified as Residential Class II Type - I.

How the guideline value of Besant Nagar 30th Cross Street has changed

The guideline value for Besant Nagar 30th Cross Street has undergone 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. Following that, the value saw a significant rise to Rs 2,800 per sq.ft in 2007. The subsequent revision in 2012 brought the value down to Rs 6,000 per sq.ft. However, it increased again to Rs 4,020 per sq.ft in 2017, and then to Rs 6,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 6,600 per sq.ft.

Between these revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. There was a decrease of 33% from 2012 to 2017. The period from 2007 to 2012 saw an increase of 114%, while from 2003 to 2007, the value rose by 216%. The change from 2002 to 2003 was an increase of 18%. Overall, from 2002 to 2024, the guideline value has increased by 781%.

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, with the median being Rs 6,600 per sq.ft. Besant Nagar 30th Cross Street's 2024 guideline value matches this median.

• Besant Nagar 2nd Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 2nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 31th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 2nd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 29th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 30th 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, bringing the total fees 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 30th Cross Street?

The Sub Registrar Office that covers Besant Nagar 30th 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 plays a crucial role during the registration of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential components of the overall cost involved in property transactions, and they are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Besant Nagar 30th Cross Street?

The current guideline value of Besant Nagar 30th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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, reflecting a total increase of 781% since 2002.

What is the land classification for Besant Nagar 30th Cross Street?

Besant Nagar 30th Cross Street is classified as Residential Class II Type - I under the Adayar SRO.

What are the stamp duty and registration fees for properties 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.

Where is the Sub Registrar Office for Besant Nagar 30th Cross Street located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.