Guideline Value for Besant Nagar 33rd Cross Street

Besant Nagar 33rd Cross Street guideline value

The current guideline value of Besant Nagar 33rd 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 33rd Cross Street has changed

The guideline value for Besant Nagar 33rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was later reduced to Rs 4,020 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 6,000 per sq.ft in the 2023 revision, and finally to Rs 6,600 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Urur

In Urur, 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, with the median value being Rs 6,600 per sq.ft. The guideline value for Besant Nagar 33rd Cross Street aligns with this median.

• Besant Nagar 34th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 35th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 31th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 3rd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 33rd 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 to Rs 5,94,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 33rd Cross Street?

The Besant Nagar 33rd Cross Street falls under 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 in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to assess the official value of the property, ensuring that the correct fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Besant Nagar 33rd Cross Street?

The current guideline value for Besant Nagar 33rd 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 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the stamp duty rate for properties in Besant Nagar 33rd Cross Street?

The stamp duty rate for properties in Besant Nagar 33rd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for properties in this area?

The registration fee for properties in Besant Nagar 33rd Cross Street is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Besant Nagar 33rd Cross Street?

The Sub Registrar Office covering Besant Nagar 33rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.