Guideline Value for Besant Nagar 6th Cross Street

Besant Nagar 6th Cross Street guideline value

The current guideline value of Besant Nagar 6th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Besant Nagar 6th Cross Street has changed

The guideline value for Besant Nagar 6th Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 755 per sq.ft. In 2003, it increased to Rs 894 per sq.ft, marking an 18% rise. The 2007 revision saw a significant jump to Rs 2,800 per sq.ft, an increase of 213%. The value then changed to Rs 6,000 per sq.ft in the 2012 revision, which was a decrease of 33% from the previous figure. In 2017, the value increased to Rs 4,020 per sq.ft, reflecting a 49% rise. The most recent revisions show the value at Rs 6,000 per sq.ft in 2023, and it has increased by 10% to Rs 6,600 per sq.ft in 2024.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 774%.

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. The median value is Rs 6,600 per sq.ft, which matches the guideline value of Besant Nagar 6th Cross Street.

• Besant Nagar 6th Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 5th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 7th Avenue M.G.Road: Rs 12,700 per sq.ft (2024)
• Besant Nagar 7th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 5th Avenue: Rs 12,700 per sq.ft (2024)
• Besant Nagar 8th Cross Street: Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. 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 more details.

Which Sub Registrar Office covers Besant Nagar 6th Cross Street?

The Sub Registrar Office that covers Besant Nagar 6th 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 in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Urur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated to reflect changes in the real estate market, and it is important to consult the latest figures before proceeding with any property dealings.

Frequently asked questions

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

The current guideline value of Besant Nagar 6th 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 increased from Rs 755 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 774% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers Besant Nagar 6th Cross Street?

The Adayar Sub Registrar Office covers Besant Nagar 6th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What land classification does Besant Nagar 6th Cross Street fall under?

Besant Nagar 6th Cross Street falls under the Residential Class II Type - I land classification.