Guideline Value

Corporate

Guideline Value for L.B. Road 6th Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 6th 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 6th Cross Street

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L.B. Road 6th Cross Street guideline value

The current guideline value of L.B. Road 6th Cross Street in Urur village, under the Adayar SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of L.B. Road 6th Cross Street has changed

The guideline value for L.B. Road 6th Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,382 per sq.ft. It increased to Rs 1,634 per sq.ft in 2003, marking an 18% rise. The value then rose significantly to Rs 2,800 per sq.ft in 2007, which was a 71% increase. Following that, the value jumped to Rs 6,000 per sq.ft in 2012, reflecting a 114% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value increased again to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 378%. There are no figures available for the revisions in years not listed for this street.

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 guideline value is Rs 6,600 per sq.ft, which is the same as the current value of L.B. Road 6th Cross Street.

Stamp duty and registration fee for property in L.B. Road 6th 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. It is important to note that the 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 6th Cross Street?

The L.B. Road 6th Cross Street is covered by 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 crucial factor during the registration of property transactions. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the authorities. This process is essential for legal compliance and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of L.B. Road 6th Cross Street?

The current guideline value of L.B. Road 6th 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 in this area?

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 handles registrations for L.B. Road 6th Cross Street?

The Adayar Sub Registrar Office handles registrations for L.B. Road 6th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value used in property transactions?

The guideline value is used as a basis for calculating stamp duty and registration fees during property transactions. It is important for ensuring that the transaction is recorded accurately and legally.