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Guideline Value

Corporate

Guideline Value for Besant Nagar 5th Avenue

₹12700/sq.ft.

The guideline value for Besant Nagar 5th Avenue in Urur village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2892 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2446 /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 5th Avenue

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Besant Nagar 5th Avenue guideline value

The current guideline value of Besant Nagar 5th Avenue is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, and the land classification is Residential Special Type - I.

How the guideline value of Besant Nagar 5th Avenue has changed

The guideline value for Besant Nagar 5th Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 2,446 per sq.ft. This figure increased to Rs 2,892 per sq.ft in 2003, marking an 18% rise. The value continued to rise, reaching Rs 4,800 per sq.ft in 2007, which was a 66% increase from the previous revision. By 2012, the value was Rs 11,500 per sq.ft, reflecting a 140% increase from 2007. However, it dropped by 33% to Rs 7,705 per sq.ft in 2017. The value then rose again to Rs 11,500 per sq.ft in 2023, before reaching the current rate of Rs 12,700 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 419%. The register has no figures for the years not mentioned above.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with 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 5th Avenue's 2024 figure above that median.

Stamp duty and registration fee for property in Besant Nagar 5th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value would be Rs 1,27,00,000. The stamp duty at 7% would be Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, bringing the total to Rs 11,43,000. It is important to note that the 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 5th Avenue?

The Sub Registrar Office that covers Besant Nagar 5th 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 plays a crucial role during the registration of property transactions in Urur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value serves as a reference point for both buyers and sellers during the transaction process.

When registering a property, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. 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 5th Avenue?

The current guideline value of Besant Nagar 5th Avenue is Rs 12,700 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 2,446 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, reflecting an overall increase of 419% over the years.

What is the land classification for Besant Nagar 5th Avenue?

The land classification for Besant Nagar 5th Avenue is Residential Special Type - I.

Where is the Adayar Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Besant Nagar 5th Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 8,89,000.