Guideline Value for Sashthri Nagar 10th Cross Street

Sashthri Nagar 10th Cross Street guideline value

The current guideline value of Sashthri Nagar 10th Cross Street is Rs 7,700 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 I Type - I.

How the guideline value of Sashthri Nagar 10th Cross Street has changed

Looking at the historical guideline values, the register shows that in 2002, the value was Rs 1,110 per sq.ft. This increased to Rs 1,570 per sq.ft in 2003, marking a change of +41%. The value then rose significantly to Rs 2,500 per sq.ft in 2007, which is an increase of +59%. Following this, in 2012, the value was Rs 7,000 per sq.ft, indicating a substantial rise of +180% from the previous revision. However, the value dropped to Rs 4,690 per sq.ft in 2017, reflecting a decrease of -33%.

From 2017 to 2023, the guideline value increased to Rs 7,000 per sq.ft, which is a rise of +49%. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, marking an increase of +10% from the previous year. The register has no figure for this street for the years not mentioned above.

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, with a median value of Rs 6,600 per sq.ft. Sashthri Nagar 10th Cross Street's 2024 figure is above this median.

• Sashthri Nagar 11th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 12th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 13th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 14th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 15th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 1st Avenue main road: Rs 12,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sashthri Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000. Together, the total cost for these fees would be Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sashthri Nagar 10th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 10th 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in calculating the applicable fees. Buyers should be aware that the stamp duty and registration fees are calculated on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 10th Cross Street?

The current guideline value of Sashthri Nagar 10th Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024. Overall, from 2002 to 2024, the value has increased by +594%.

What is the land classification for Sashthri Nagar 10th Cross Street?

The land classification for Sashthri Nagar 10th Cross Street is Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Sashthri Nagar 10th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 77,00,000, the stamp duty would amount to Rs 5,39,000.