Guideline Value for Besant Nagar 3rd Avenue

Besant Nagar 3rd Avenue guideline value

The current guideline value of Besant Nagar 3rd Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Besant Nagar 3rd Avenue has changed

The guideline value for Besant Nagar 3rd Avenue has seen several revisions over the years. In 2002, the guideline value was Rs 1,921 per sq.ft, which increased to Rs 2,272 per sq.ft in 2003, marking an 18% rise. The value further escalated significantly to Rs 5,500 per sq.ft in 2007, representing a 142% increase. By 2012, the guideline value was Rs 9,000 per sq.ft, which was a 64% increase from the previous revision. However, it then decreased by 33% to Rs 6,030 per sq.ft in 2017.

In 2023, the value rose to Rs 9,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, reflecting a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 415% for this street.

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, with a median value of Rs 6,600 per sq.ft. The guideline value of Besant Nagar 3rd Avenue is above this median.

• Besant Nagar 35th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 34th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 33rd Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 3rd Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 32nd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 3rd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty is charged at 7%, amounting to Rs 6,93,000, while the registration fee is 2%, totaling Rs 1,98,000. Together, the total cost for stamp duty and registration fees would be Rs 8,91,000. It is important to note that 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 3rd Avenue?

The Sub Registrar Office that covers Besant Nagar 3rd Avenue 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 is a crucial component in the property registration process in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Besant Nagar 3rd Avenue?

The current guideline value of Besant Nagar 3rd Avenue is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,921 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting a total increase of 415% over the years.

What are the other streets in Urur with their guideline values?

Other streets in Urur include Besant Nagar 35th Cross Street, Besant Nagar 34th Cross Street, Besant Nagar 3rd Cross Street, Besant Nagar 33rd Cross Street, Besant Nagar 3rd Main Road, and Besant Nagar 32nd Cross Street, with values ranging from Rs 6,600 to Rs 9,900 per sq.ft in 2024.

What is the stamp duty rate for properties in Besant Nagar 3rd Avenue?

The stamp duty rate for properties in Besant Nagar 3rd Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Besant Nagar 3rd Avenue?

The Adayar Sub Registrar Office covers Besant Nagar 3rd Avenue, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.