Guideline Value for Besant Nagar 9th Cross Street

Besant Nagar 9th Cross Street guideline value

The current guideline value of Besant Nagar 9th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village, falling under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Besant Nagar 9th Cross Street has changed

The guideline value for Besant Nagar 9th Cross Street has seen significant changes over the years. In 2002, the value was Rs 749 per sq.ft, which increased to Rs 886 per sq.ft in 2003, marking an 18% rise. The value continued to climb, reaching Rs 2,800 per sq.ft in 2007, a substantial increase of 216%. By 2012, the guideline value was Rs 6,000 per sq.ft, reflecting a 114% increase from the previous revision. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33% from the 2012 figure.

In 2023, the guideline value rose to Rs 6,000 per sq.ft, and then saw a further increase of 10% to reach the current value of Rs 6,600 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 781%. There are no figures available for the years not mentioned 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. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Besant Nagar 9th Cross Street.

• Besant Nagar 8th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar Kakkan Colony Gudisai Pagudhi: Rs 4,400 per sq.ft (2024)
• Besant Nagar 7th 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 6th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 6th Avenue: Rs 12,700 per sq.ft (2024)

Stamp duty and registration fee for property in Besant Nagar 9th 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, totaling Rs 5,94,000. It is important to note that the 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 9th Cross Street?

The Sub Registrar Office that covers Besant Nagar 9th Cross Street 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 is a crucial factor during the registration of property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum value on which stamp duty is calculated. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Besant Nagar 9th Cross Street?

The current guideline value of Besant Nagar 9th 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 significantly from Rs 749 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 781% over this period.

What is the land classification of Besant Nagar 9th Cross Street?

Besant Nagar 9th Cross Street is classified as Residential Class II Type - I according to the local land classification regulations.

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 9th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at a rate of 7%.