Guideline Value

Corporate

Guideline Value for L.B. Road 7th Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 7th 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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 7th Cross Street

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L.B. Road 7th Cross Street guideline value

The current guideline value of L.B. Road 7th 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 7th Cross Street has changed

The guideline value for L.B. Road 7th 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 continued to rise to Rs 2,800 per sq.ft in 2007, which was a 71% increase from the previous revision. Following this, in 2012, the value was Rs 6,000 per sq.ft, which represented a significant increase of 114% from 2007. However, in 2017, the value dropped to Rs 4,020 per sq.ft, showing a decrease of 33%.

In 2023, the guideline value was revised to Rs 6,000 per sq.ft, and then increased by 10% to Rs 6,600 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 378%. There are no figures available for revisions from years not listed 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 is Rs 6,600 per sq.ft, which is equal to the current value of L.B. Road 7th Cross Street.

Stamp duty and registration fee for property in L.B. Road 7th 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, these fees would total 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 7th Cross Street?

The Sub Registrar Office that covers L.B. Road 7th 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 during property registration in Urur. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is sold or purchased. Buyers and sellers must consider this value to ensure compliance with local regulations.

When engaging in a property transaction, the guideline value will be used to calculate the applicable fees, which are essential for the legal transfer of property ownership. It is advisable to consult the guideline value register to understand the current rates and ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of L.B. Road 7th Cross Street?

The current guideline value of L.B. Road 7th 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, showing an overall increase of 378% over the years.

What is the land classification for L.B. Road 7th Cross Street?

L.B. Road 7th Cross Street is classified as Residential Class II Type - I.

Which Sub Registrar Office is responsible for L.B. Road 7th Cross Street?

The Adayar Sub Registrar Office is responsible for L.B. Road 7th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in L.B. Road 7th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 66,00,000, leading to a stamp duty of Rs 4,62,000.