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Guideline Value

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Guideline Value for L.B. Road 1st Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 1st Cross Street in Urur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 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

Urur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1634 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1382 /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 L.b. Road 1st Cross Street

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L.B. Road 1st Cross Street guideline value

The current guideline value of L.B. Road 1st 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 L.B. Road 1st Cross Street has changed

The guideline value for L.B. Road 1st Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,382 per sq.ft, which increased to Rs 1,634 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,800 per sq.ft in 2007, marking a 71% increase from the previous year. The value then increased to Rs 6,000 per sq.ft in 2012, which was a 114% rise from 2007. However, it decreased to Rs 4,020 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 6,000 per sq.ft in 2023, and most recently, it has been revised to Rs 6,600 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 378%. The register has no figure for this street for the years not mentioned.

Guideline values in Urur

In Urur, 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, and L.B. Road 1st Cross Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in L.B. Road 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers L.B. Road 1st Cross Street?

The L.B. Road 1st Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid penalties. This ensures that the government receives the appropriate taxes based on the established guideline value.

Frequently asked questions

What is the current guideline value of L.B. Road 1st Cross Street?

The current guideline value of L.B. Road 1st 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 from Rs 1,382 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 378% over the years.

What is the land classification for L.B. Road 1st Cross Street?

L.B. Road 1st Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable?

The stamp duty for property transactions in L.B. Road 1st Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for L.B. Road 1st Cross Street?

The Sub Registrar Office that covers L.B. Road 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.