Guideline Value for Besant Nagar 5th Cross Street

Besant Nagar 5th Cross Street guideline value

The current guideline value for Besant Nagar 5th 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 5th Cross Street has changed

The guideline value for Besant Nagar 5th Cross Street has undergone several revisions over the years. In 2002, the value was Rs 749 per sq.ft. This increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value saw a significant jump to Rs 2,800 per sq.ft in 2007, representing a 216% increase. By 2012, the value was Rs 6,000 per sq.ft, which was a 114% increase from the previous revision. However, it then decreased to Rs 4,020 per sq.ft in 2017, reflecting a 33% drop. The value increased again to Rs 6,000 per sq.ft in 2023, and has now risen to Rs 6,600 per sq.ft in the 2024 revision, which is a 10% increase.

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

Guideline values in Urur

In Urur, there are 176 streets that carry 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 equal to the current value of Besant Nagar 5th Cross Street.

• Besant Nagar 6th Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 5th Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 4th Main Road: Rs 9,900 per sq.ft (2024)
• Besant Nagar 6th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 4th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 4th Avenue: Rs 9,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Besant Nagar 5th Cross Street?

The Sub Registrar Office that covers Besant Nagar 5th 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 during the registration of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to avoid discrepancies during the registration process and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Besant Nagar 5th Cross Street?

The current guideline value of Besant Nagar 5th 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 from Rs 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 781% over the years.

What is the land classification for Besant Nagar 5th Cross Street?

Besant Nagar 5th Cross Street is classified as Residential Class II Type - I.

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 at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.