Guideline Value for Besant Nagar 3rd Cross Street

Besant Nagar 3rd Cross Street guideline value

The current guideline value of Besant Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Besant Nagar 3rd Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003. Following this, the value surged to Rs 2,800 per sq.ft in 2007, marking a substantial increase of 216%. The 2012 revision saw a decrease to Rs 6,000 per sq.ft, and in 2017, it further increased to Rs 4,020 per sq.ft. The most recent revisions show that the value rose to Rs 6,000 per sq.ft in 2023 and then to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 781%. The register has no figures for the years not listed above.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that have 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 the same as the current guideline value for Besant Nagar 3rd Cross Street.

• Besant Nagar 3rd Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 3rd Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 35th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 4th Avenue: Rs 9,900 per sq.ft (2024)
• Besant Nagar 34th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 4th Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 3rd 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 the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Nagar 3rd Cross Street?

The Sub Registrar Office that covers Besant Nagar 3rd 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 the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair and standard rate, which aids in maintaining transparency in property dealings. It is advisable for buyers and sellers to be familiar with the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Besant Nagar 3rd Cross Street?

The current guideline value for Besant Nagar 3rd 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 the years.

What is the land classification for Besant Nagar 3rd Cross Street?

Besant Nagar 3rd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Besant Nagar 3rd Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

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

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