Guideline Value for Besant Nagar 35th Cross Street

Besant Nagar 35th Cross Street guideline value

The current guideline value of Besant Nagar 35th 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 35th Cross Street has changed

The guideline value for Besant Nagar 35th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 749 per sq.ft. It increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value continued to climb, reaching Rs 2,800 per sq.ft in 2007, which was a substantial increase of 216%. By 2012, the guideline value was Rs 6,000 per sq.ft, reflecting a 114% rise from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current value of 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 781%. There are no figures available for the revisions in the years not mentioned above.

Guideline values in Urur

In Urur village, 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, which is the same as the guideline value for Besant Nagar 35th Cross Street.

• Besant Nagar 34th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 33rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Main Road: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 35th 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 is charged at 7%, which totals Rs 4,62,000, while the registration fee is charged at 2%, amounting to Rs 1,32,000. Together, the total cost for stamp duty and registration fee is 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 35th Cross Street?

The Sub Registrar Office that covers Besant Nagar 35th 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 details.

How the guideline value is used when you buy or sell in Urur

The guideline value plays a crucial role in property transactions in Urur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The buyer must pay these fees based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is advisable for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Besant Nagar 35th Cross Street?

The current guideline value of Besant Nagar 35th 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 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 781% over this period.

What is the land classification for Besant Nagar 35th Cross Street?

The land classification for Besant Nagar 35th Cross Street is Residential Class II Type - I.

Where is the Adayar Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 6,600 per sq.ft, the total guideline value is Rs 66,00,000, leading to specific fees for registration and stamp duty.