Guideline Value

Corporate

Guideline Value for Besant Nagar 3rd Main Road

₹9900/sq.ft.

The guideline value for Besant Nagar 3rd Main Road in Urur village (Adayar SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹9343 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1699 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1436 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Besant Nagar 3rd Main Road

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Besant Nagar 3rd Main Road guideline value

The current guideline value of Besant Nagar 3rd Main Road is Rs 9,900 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 Special Type - II.

How the guideline value of Besant Nagar 3rd Main Road has changed

The guideline value for Besant Nagar 3rd Main Road has undergone several revisions over the years. In 2002, the value was Rs 1,436 per sq.ft, which increased to Rs 1,699 per sq.ft in 2003, marking an 18% rise. The value saw a significant increase in 2007, reaching Rs 9,343 per sq.ft, representing a 450% change from the 2003 figure. However, it decreased to Rs 9,000 per sq.ft in 2012, a decline of 4% from the previous revision. In 2017, the value changed to Rs 6,030 per sq.ft, reflecting a drop of 33% from 2012. The value then rose to Rs 9,000 per sq.ft in 2023, before reaching the current rate of Rs 9,900 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 589%. There are no figures available for any other revisions for this street in the register.

Guideline values in Urur

Within Urur village, 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 for these streets is Rs 6,600 per sq.ft, placing Besant Nagar 3rd Main Road's 2024 value above this median.

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

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 at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost for these fees to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Besant Nagar 3rd Main Road?

The Sub Registrar Office that covers Besant Nagar 3rd Main Road 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 when registering property in Urur. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Besant Nagar 3rd Main Road?

The current guideline value for Besant Nagar 3rd Main Road 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 significantly from Rs 1,436 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 589% over the years.

What is the land classification for Besant Nagar 3rd Main Road?

The land classification for Besant Nagar 3rd Main Road is Residential Special Type - II, indicating its designated use for residential purposes.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000 in fees.

Where is the Sub Registrar Office located for this area?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, and it is responsible for property registrations in this area.