Guideline Value for Besant Nagar 34th Cross Street

Besant Nagar 34th Cross Street guideline value

The current guideline value of Besant Nagar 34th 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 34th Cross Street has changed

The guideline value for Besant Nagar 34th Cross Street has seen significant changes 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 then surged dramatically to Rs 2,800 per sq.ft in 2007, reflecting a 208% increase. Following this, the value rose to Rs 6,000 per sq.ft in 2012, representing a 114% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

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

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 is Rs 6,600 per sq.ft, which is equal to the current guideline value of Besant Nagar 34th Cross Street.

• Besant Nagar 33rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 35th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 31th Cross Street: Rs 6,600 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 34th 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Besant Nagar 34th Cross Street?

The Sub Registrar Office that covers Besant Nagar 34th 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 a crucial factor in property transactions in Urur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

When a property is registered, the guideline value helps in assessing the official value of the property. If the sale price is higher than the guideline value, the duty is calculated based on the sale price. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Besant Nagar 34th Cross Street?

The current guideline value of Besant Nagar 34th 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, marking an overall increase of 759%.

What is the land classification for Besant Nagar 34th Cross Street?

Besant Nagar 34th Cross Street is classified as Residential Class II Type - I.

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

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

Where can I find the Sub Registrar Office for this street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Besant Nagar 34th Cross Street.