Guideline Value for Besant Nagar Kakkan Colony Gudisai Pagudhi

Besant Nagar Kakkan Colony Gudisai Pagudhi guideline value

The current guideline value of Besant Nagar Kakkan Colony Gudisai Pagudhi is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Urur village and falls under the Adayar SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of Besant Nagar Kakkan Colony Gudisai Pagudhi has changed

The guideline value for Besant Nagar Kakkan Colony Gudisai Pagudhi has seen several changes over the years. In 2002, the value was Rs 619 per sq.ft, which increased to Rs 733 per sq.ft in 2003, marking an 18% rise. The value further increased to Rs 1,500 per sq.ft in 2007, reflecting a 105% change. In 2012, the value was recorded at Rs 4,000 per sq.ft, a significant increase of 167%. However, it then dropped to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and most recently to Rs 4,400 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 611%. The register has no figures for the years not specifically mentioned in the revisions.

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 for Besant Nagar Kakkan Colony Gudisai Pagudhi is below this median.

• Besant Nagar 9th Cross Street: Rs 6,600 per sq.ft (2024)
• Besant Nagar 8th Cross Street: Rs 6,600 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 Kakkan Colony Gudisai Pagudhi

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Besant Nagar Kakkan Colony Gudisai Pagudhi?

The Besant Nagar Kakkan Colony Gudisai Pagudhi area is covered by 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 plays a crucial role in the registration process when buying or selling property in Urur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value can significantly impact the overall costs associated with property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Besant Nagar Kakkan Colony Gudisai Pagudhi?

The current guideline value of Besant Nagar Kakkan Colony Gudisai Pagudhi is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 619 per sq.ft in 2002 and reaching Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 611%.

What is the registration office for this area?

The Adayar Sub Registrar Office covers Besant Nagar Kakkan Colony Gudisai Pagudhi, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.

What is the land classification for Besant Nagar Kakkan Colony Gudisai Pagudhi?

The land classification for Besant Nagar Kakkan Colony Gudisai Pagudhi is Residential Class IV Type - III, indicating its designated use for residential purposes.