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Guideline Value

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Guideline Value for L.B. Road 3rd Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 3rd 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 ₹1383 /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 3rd Cross Street

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L.B. Road 3rd Cross Street guideline value

The current guideline value of L.B. Road 3rd 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 is classified as Residential Class II Type - I.

How the guideline value of L.B. Road 3rd Cross Street has changed

The guideline value for L.B. Road 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,383 per sq.ft, which increased to Rs 1,634 per sq.ft in 2003, marking an increase of 18%. Following this, the value rose significantly to Rs 2,800 per sq.ft in 2007, reflecting a 71% increase. The value then continued to rise to Rs 6,000 per sq.ft in 2012, showing a substantial increase of 114%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, which is a decline of 33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 saw the value rise to Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 377%.

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 guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of L.B. Road 3rd Cross Street.

Stamp duty and registration fee for property in L.B. Road 3rd 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. Together, the total charges would be Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 3rd Cross Street?

The L.B. Road 3rd Cross Street falls under 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 critical factor when registering property in Urur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of L.B. Road 3rd Cross Street?

The current guideline value of L.B. Road 3rd 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 multiple times, starting from Rs 1,383 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification of L.B. Road 3rd Cross Street?

L.B. Road 3rd Cross Street is classified as Residential Class II Type - I according to the local regulations.

Where can I find the registration office for L.B. Road 3rd Cross Street?

The registration office for L.B. Road 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Urur?

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