Guideline Value

Corporate

Guideline Value for Besant Nagar 4th Main Road

₹9900/sq.ft.

The guideline value for Besant Nagar 4th 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 ₹4200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1674 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1415 /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 Main Road

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Besant Nagar 4th Main Road guideline value

The current guideline value of Besant Nagar 4th Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the jurisdiction of the Adayar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Besant Nagar 4th Main Road has changed

The guideline value of Besant Nagar 4th Main Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,415 per sq.ft. It increased to Rs 1,674 per sq.ft in 2003, reflecting a change of +18%. The value then rose significantly to Rs 4,200 per sq.ft in 2007, marking an increase of +151%. In 2012, the value was Rs 9,000 per sq.ft, which was a +114% increase from the previous revision. However, it decreased by -33% to Rs 6,030 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 9,000 per sq.ft, and the latest 2024 revision has set it at Rs 9,900 per sq.ft, reflecting a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +600%. There are no figures in the register for the years not mentioned in this summary.

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 4th Main Road is above this median.

Stamp duty and registration fee for property in Besant Nagar 4th 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, while the registration fee at 2% would be Rs 1,98,000. Together, these fees would total Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar 4th Main Road?

The Sub Registrar Office that covers Besant Nagar 4th 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 plays a crucial role during the registration of property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Buyers and sellers should ensure that they have the latest information from the guideline value register to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Besant Nagar 4th 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 from Rs 1,415 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of +600%.

What is the land classification for Besant Nagar 4th Main Road?

The land classification for Besant Nagar 4th Main Road is Residential Special Type - II.

Where can I find the Adayar Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

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