Guideline Value for STRAHANS 10TH LANE

Strahans 10th Lane guideline value

The current guideline value of Strahans 10th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This lane is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Strahans 10th Lane has changed

The guideline value for Strahans 10th Lane has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,100 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in the 2012 revision, marking a 355% increase. However, in the 2017 revision, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in the 2023 revision, and finally, it reached the current figure of Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The changes between the revisions illustrate fluctuations in the guideline value, with the most significant increase occurring from 2012 to 2017, followed by a notable rise from 2023 to 2024.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value is Rs 5,500 per sq.ft, which matches the current figure for Strahans 10th Lane.

• Strahans 1st Lane: Rs 5,500 per sq.ft (2024)
• Strahans 2nd Lane: Rs 5,500 per sq.ft (2024)
• Strahans 3rd Lane: Rs 5,500 per sq.ft (2024)
• Strahans 4th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 5th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 6th Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Strahans 10th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Strahans 10th Lane?

The Sub Registrar Office that covers Strahans 10th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Purasaivakkam. When a property is sold or purchased, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding this value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Strahans 10th Lane?

The current guideline value of Strahans 10th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the land classification for Strahans 10th Lane?

Strahans 10th Lane is classified as Residential Class III Type - I according to the guideline value register.

Where is the Sub Registrar Office for Strahans 10th Lane located?

The Sub Registrar Office for Strahans 10th Lane is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 4,95,000.