Guideline Value

Corporate

Guideline Value for L.B. Road 5th Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 5th 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 5th Cross Street

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L.B. Road 5th Cross Street guideline value

The current guideline value of L.B. Road 5th 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 5th Cross Street has changed

The guideline value for L.B. Road 5th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,382 per sq.ft. This increased to Rs 1,634 per sq.ft in 2003, marking an 18% rise. The value then saw a significant increase to Rs 2,800 per sq.ft in 2007, reflecting a 71% change. Following that, there was a substantial jump to Rs 6,000 per sq.ft in 2012, which was a 114% increase. However, the value decreased to Rs 4,020 per sq.ft in 2017, showing a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 6,000 per sq.ft in 2023, which was a 49% increase from the previous figure. Most recently, the value has been set at Rs 6,600 per sq.ft in 2024, reflecting a 10% increase from 2023. There are no figures available for other revisions for this street in the register.

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 for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of L.B. Road 5th Cross Street.

Stamp duty and registration fee for property in L.B. Road 5th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value amounts to 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. 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 details.

Which Sub Registrar Office covers L.B. Road 5th Cross Street?

The Sub Registrar Office that covers L.B. Road 5th 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 is a critical 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 need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of L.B. Road 5th Cross Street?

The current guideline value of L.B. Road 5th 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 are the stamp duty and registration fees for properties on L.B. Road 5th Cross Street?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office is responsible for L.B. Road 5th Cross Street?

The Adayar Sub Registrar Office is responsible for L.B. Road 5th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification of L.B. Road 5th Cross Street?

L.B. Road 5th Cross Street is classified as Residential Class II Type - I according to the guidelines set by the local authorities.