Guideline Value for Besant Nagar 31th Cross Street

Besant Nagar 31th Cross Street guideline value

The current guideline value of Besant Nagar 31th 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 31th Cross Street has changed

Over the years, the guideline value for Besant Nagar 31th Cross Street has seen significant changes. The register shows that in 2002, the guideline value was Rs 791 per sq.ft. This figure increased to Rs 936 per sq.ft in 2003, marking an increase of 18%. The value then rose dramatically to Rs 2,800 per sq.ft in 2007, reflecting a 199% increase. Following this, the value decreased to Rs 6,000 per sq.ft in 2012, which was a decline of 33%. The value then increased to Rs 4,020 per sq.ft in 2017, showing a growth of 49%. In 2023, the guideline value was Rs 6,000 per sq.ft, and it rose to Rs 6,600 per sq.ft in 2024, indicating a 10% increase.

It is important to note that there are no figures available for revisions in years other than those listed. The overall change from 2002 to 2024 reflects an increase of 734% in the guideline value.

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 of these streets is Rs 6,600 per sq.ft, which is equal to the 2024 figure for Besant Nagar 31th Cross Street.

• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 30th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 33rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 2nd Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 34th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 2nd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 31th 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 amounts to 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 together 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 also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Besant Nagar 31th Cross Street?

The Sub Registrar Office that covers Besant Nagar 31th 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 an essential factor during property registration in Urur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during transactions.

When a property is bought or sold, the guideline value helps in assessing the financial obligations associated with the transaction. This value is used to calculate the stamp duty, which is a mandatory fee paid to the government during the registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 31th Cross Street?

The current guideline value of Besant Nagar 31th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 791 per sq.ft to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 734%.

What is the land classification for Besant Nagar 31th Cross Street?

The land classification for Besant Nagar 31th Cross Street is Residential Class II Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 5,94,000.

Where is the Sub Registrar Office for Besant Nagar 31th Cross Street located?

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