Guideline Value

Corporate

Guideline Value for L.B. Road 9th Cross Street

₹6600/sq.ft.

The guideline value for L.b. Road 9th 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 9th Cross Street

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L.B. Road 9th Cross Street guideline value

The current guideline value of L.B. Road 9th Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of L.B. Road 9th Cross Street has changed

The guideline value for L.B. Road 9th Cross Street has seen significant changes over the years. In 2002, the value was Rs 1,382 per sq.ft. This increased to Rs 1,634 per sq.ft in 2003, marking an increase of 18%. The value then rose substantially to Rs 2,800 per sq.ft in 2007, which was a 71% increase. Following this, the value jumped to Rs 6,000 per sq.ft in 2012, reflecting a remarkable increase of 114%. However, between 2012 and 2017, the value decreased to Rs 4,020 per sq.ft, showing a decline of 33%. From 2017 to 2023, the guideline value rose significantly to Rs 6,000 per sq.ft, an increase of 49%. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, 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 years not listed in the register for this street.

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 is Rs 6,600 per sq.ft, which is the same as the guideline value for L.B. Road 9th Cross Street.

Stamp duty and registration fee for property in L.B. Road 9th 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers L.B. Road 9th Cross Street?

The Sub Registrar Office that covers L.B. Road 9th 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 crucial factor in property transactions in Urur. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the registration of the property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is assessed to calculate the necessary fees. This ensures that all transactions are conducted fairly and transparently, adhering to the prescribed rates set by the registration department.

Frequently asked questions

What is the current guideline value of L.B. Road 9th Cross Street?

The current guideline value of L.B. Road 9th 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 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 is the land classification for L.B. Road 9th Cross Street?

L.B. Road 9th Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Adayar Sub Registrar Office covers L.B. Road 9th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 5,94,000.