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Guideline Value

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Guideline Value for Besant Road, Chennai 82

₹4400/sq.ft.

The guideline value for Besant Road, Chennai 82 in Ayanavaram village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayanavaram

Village

AnnaNagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Road, Chennai 82

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Besant Road, Chennai 82 guideline value

The current guideline value of Besant Road, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Besant Road, Chennai 82 has changed

The guideline value for Besant Road has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, by the 2017 revision, the value decreased to Rs 2,680 per sq.ft, reflecting a 33% drop. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the latest 2024 revision has increased it further to Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The revisions for the years 2002 and 2003 have no figures available for this street in the register.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing the 2024 value of Besant Road below this median.

Stamp duty and registration fee for property in Besant Road, Chennai 82

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, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Besant Road, Chennai 82?

The Sub Registrar Office that covers Besant Road, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be sold or bought. This value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers must consider this value to comply with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Besant Road, Chennai 82?

The current guideline value of Besant Road, Chennai 82 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 from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the land classification for Besant Road?

Besant Road is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property on Besant Road?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Besant Road, Chennai 82?

The AnnaNagar Sub Registrar Office handles registrations for Besant Road, Chennai 82, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.