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Guideline Value

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Guideline Value for L.B. Road 4th Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 4th 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 4th Cross Street

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L.B. Road 4th Cross Street guideline value

The current guideline value of L.B. Road 4th 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 4th Cross Street has changed

The guideline value for L.B. Road 4th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 1,382 per sq.ft. This value increased to Rs 1,634 per sq.ft in 2003, marking an 18% rise. In 2007, the guideline value jumped significantly to Rs 2,800 per sq.ft, reflecting a 71% increase. The value then rose to Rs 6,000 per sq.ft in 2012, which was a substantial 114% increase from the previous revision.

From 2012 to 2017, there was a decrease, with the value dropping to Rs 4,020 per sq.ft, a decline of 33%. However, this trend reversed between 2017 and 2023, as the guideline value increased to Rs 6,000 per sq.ft, a notable 49% rise. The most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, which represents a 10% increase from the 2023 figure.

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 value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of L.B. Road 4th Cross Street.

Stamp duty and registration fee for property in L.B. Road 4th 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, bringing the total fees together to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.B. Road 4th Cross Street?

L.B. Road 4th Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial aspects of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which ensures transparency in property dealings.

Frequently asked questions

What is the current guideline value for L.B. Road 4th Cross Street?

The current guideline value for L.B. Road 4th 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 significantly, starting from Rs 1,382 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 378% over the years.

What is the land classification for L.B. Road 4th Cross Street?

L.B. Road 4th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Urur?

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