Guideline Value for Sashthri Nagar 11th Cross Street

Sashthri Nagar 11th Cross Street guideline value

The current guideline value of Sashthri Nagar 11th Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sashthri Nagar 11th Cross Street has changed

The guideline value for Sashthri Nagar 11th Cross Street has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 1,110 per sq.ft. This increased to Rs 1,313 per sq.ft in 2003, reflecting a change of +18%. The value then saw a significant rise to Rs 2,500 per sq.ft in 2007, which was an increase of +90%. In 2012, the value was recorded at Rs 7,000 per sq.ft, marking a substantial increase of +180% from the previous revision.

Following this, there was a decrease to Rs 4,690 per sq.ft in 2017, a reduction of -33%. The value then rose to Rs 7,000 per sq.ft in 2023, which was an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, reflecting a change of +10% from the previous year. There are no figures available for the revisions in years not mentioned.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, and the median value is Rs 6,600 per sq.ft. Sashthri Nagar 11th Cross Street's 2024 guideline value is above this median.

• Sashthri Nagar 10th 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 11th 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, making the total cost for these fees Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sashthri Nagar 11th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 11th 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 when buying or selling property in Urur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers should be aware that the guideline value can significantly impact the total cost of property transactions, including applicable fees.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 11th Cross Street?

The current guideline value of Sashthri Nagar 11th 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 changed from Rs 1,110 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, showing an overall increase of +594% over the years.

What is the land classification for Sashthri Nagar 11th Cross Street?

Sashthri Nagar 11th Cross Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 77,00,000, the total fees would be Rs 6,93,000.

Which office handles registrations for properties in Sashthri Nagar 11th Cross Street?

The Adayar Sub Registrar Office handles registrations for properties in Sashthri Nagar 11th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.