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Guideline Value

Corporate

Guideline Value for Besant Nagar 4th Avenue

₹9900/sq.ft.

The guideline value for Besant Nagar 4th Avenue 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 ₹4800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1715 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1450 /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 4th Avenue

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Besant Nagar 4th Avenue guideline value

The current guideline value of Besant Nagar 4th Avenue 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 4th Avenue has changed

The guideline value for Besant Nagar 4th Avenue has seen several revisions over the years. In 2002, the value was Rs 1,450 per sq.ft, which increased to Rs 1,715 per sq.ft in 2003, marking an 18% rise. The value continued to climb significantly, reaching Rs 4,800 per sq.ft in 2007, an increase of 180%. By 2012, the value adjusted to Rs 9,000 per sq.ft, reflecting a decrease of 33% from the previous revision. In 2017, it rose to Rs 6,030 per sq.ft, and then surged to Rs 9,000 per sq.ft in 2023, before reaching the current value 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 583%. The register has no figures for the years not mentioned in the revisions above.

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. Besant Nagar 4th Avenue's 2024 figure is above this median.

Stamp duty and registration fee for property in Besant Nagar 4th 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 at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, making the total Rs 8,91,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Besant Nagar 4th Avenue?

The Sub Registrar Office that covers Besant Nagar 4th Avenue 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 crucial for property transactions in Urur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations and to calculate applicable duties.

When a property is sold, the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Besant Nagar 4th Avenue?

The current guideline value of Besant Nagar 4th 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 significantly from Rs 1,450 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 583% over this period.

What is the land classification for Besant Nagar 4th Avenue?

Besant Nagar 4th Avenue is classified as Residential Special Type - II, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Besant Nagar 4th Avenue?

The Adayar Sub Registrar Office covers Besant Nagar 4th Avenue and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 99,00,000, the stamp duty at 7% would be Rs 6,93,000.