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Guideline Value

Corporate

Guideline Value for Besant Nagar 6th Avenue

₹12700/sq.ft.

The guideline value for Besant Nagar 6th 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 ₹2358 /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 6th Avenue

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Besant Nagar 6th Avenue guideline value

The current guideline value of Besant Nagar 6th 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 is classified as Residential Special Type - I.

How the guideline value of Besant Nagar 6th Avenue has changed

Over the years, the guideline value of Besant Nagar 6th Avenue has seen significant changes. The earliest recorded figure is from 2002, where the guideline value was Rs 1,415 per sq.ft. This value increased to Rs 2,358 per sq.ft in 2003, marking a change of +67%. By 2007, the value further rose to Rs 4,800 per sq.ft, which is an increase of +104%. In 2012, the guideline value was Rs 11,500 per sq.ft, showing a substantial rise of +140% from the previous revision. However, it then decreased to Rs 7,705 per sq.ft in 2017, reflecting a decline of -33%. The value climbed again to Rs 11,500 per sq.ft in 2023, followed by the current figure of Rs 12,700 per sq.ft in 2024, representing a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +798%. There are no figures available for the revisions in years not listed in the register for this street.

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 6th Avenue is above this median.

Stamp duty and registration fee for property in Besant Nagar 6th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 11,43,000. 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 information.

Which Sub Registrar Office covers Besant Nagar 6th Avenue?

The Sub Registrar Office that covers Besant Nagar 6th Avenue is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Urur

The guideline value plays a crucial role during the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Besant Nagar 6th Avenue?

The current guideline value of Besant Nagar 6th 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 1,415 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, reflecting an overall increase of +798% over this period.

What is the land classification for Besant Nagar 6th Avenue?

Besant Nagar 6th Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

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. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Besant Nagar 6th Avenue?

Stamp duty for properties in Besant Nagar 6th Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 8,89,000 at the current guideline value.