Guideline Value for STRAHANS ROAD

Strahans Road guideline value

The current guideline value of Strahans Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - III.

How the guideline value of Strahans Road has changed

The guideline value for Strahans Road has seen significant changes over the years. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, this figure dropped to Rs 4,355 per sq.ft in the 2017 revision. The value then rose sharply to Rs 6,500 per sq.ft in 2023, and most recently, it has increased to Rs 7,100 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 255%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Strahans Road above that median.

• Strahans 9th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 8th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 7th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 6th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 5th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 4th Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Strahans Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. Please note that 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 details.

Which Sub Registrar Office covers Strahans Road?

The Sub Registrar Office that covers Strahans Road 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 property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value serves as a benchmark for calculating the fees owed to the government. It is essential for both parties in a transaction to understand how this value affects their financial obligations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Strahans Road?

The current guideline value of Strahans Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the land classification for Strahans Road?

Strahans Road is classified as Residential Class II Type - III.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Strahans Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.