Guideline Value for STRAHANS 3RD LANE

Strahans 3rd Lane guideline value

The current guideline value of Strahans 3rd Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Strahans 3rd Lane has changed

The guideline value for Strahans 3rd Lane has seen several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 1,100 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a 355% rise. However, in 2017, the value decreased to Rs 3,350 per sq.ft, reflecting a drop of 33%. In 2023, the value rose again to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft, a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The register does not contain figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 5,500 per sq.ft, which matches the current guideline value for Strahans 3rd Lane.

• Strahans 2nd Lane: Rs 5,500 per sq.ft (2024)
• Strahans 4th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 1st Lane: Rs 5,500 per sq.ft (2024)
• Strahans 5th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 10th 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 3rd 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, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees 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.

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

Which Sub Registrar Office covers Strahans 3rd Lane?

The Sub Registrar Office that covers Strahans 3rd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Strahans 3rd Lane?

The current guideline value of Strahans 3rd 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 a total increase of 400% over the years.

What are the stamp duty and registration fees for property in Strahans 3rd Lane?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which office handles property registration for Strahans 3rd Lane?

The Purasaivakkam Sub Registrar Office handles property registration for Strahans 3rd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Strahans 3rd Lane?

The land classification for Strahans 3rd Lane is Residential Class III Type - I, indicating its suitability for residential development.