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Guideline Value

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Guideline Value for L.B. Road 2nd Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 2nd 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 2nd Cross Street

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L.B. Road 2nd Cross Street guideline value

The current guideline value of L.B. Road 2nd 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, classified as Residential Class II Type - I.

How the guideline value of L.B. Road 2nd Cross Street has changed

The guideline value for L.B. Road 2nd 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, marking an 18% rise. The value continued to rise to Rs 2,800 per sq.ft in 2007, a significant increase of 71% from the previous revision. In 2012, the value was recorded at Rs 6,000 per sq.ft, reflecting a 114% increase from 2007. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 6,000 per sq.ft, a 49% increase. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 378%.

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 the median being Rs 6,600 per sq.ft. The guideline value for L.B. Road 2nd Cross Street is equal to this median.

Stamp duty and registration fee for property in L.B. Road 2nd 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, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that 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 L.B. Road 2nd Cross Street?

The Sub Registrar Office that covers L.B. Road 2nd 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 plays a crucial role during the registration of property transactions in Urur. It is utilized to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When buying or selling property, the guideline value helps establish a baseline for the transaction. This value is critical for both buyers and sellers, as it influences the overall costs involved in the property transfer process.

Frequently asked questions

What is the current guideline value for L.B. Road 2nd Cross Street?

The current guideline value for L.B. Road 2nd 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 1,382 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 378%.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles property registrations for this area?

The Adayar Sub Registrar Office is responsible for property registrations in the area of L.B. Road 2nd Cross Street.

What is the land classification for L.B. Road 2nd Cross Street?

L.B. Road 2nd Cross Street is classified as Residential Class II Type - I.