Guideline Value for Sashthri Nagar 12th Cross Street

Sashthri Nagar 12th Cross Street guideline value

The current guideline value of Sashthri Nagar 12th 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 12th Cross Street has changed

The guideline value for Sashthri Nagar 12th Cross Street has seen significant changes over the years. In the 2002 revision, the value was Rs 1,418 per sq.ft, which increased to Rs 1,677 per sq.ft in 2003, marking an 18% rise. The value then rose to Rs 2,500 per sq.ft in 2007, reflecting a 49% increase. Following this, the 2012 revision brought the value down to Rs 7,000 per sq.ft, a decrease of 33%. The 2017 revision saw a substantial increase to Rs 4,690 per sq.ft, which was a 49% rise from the previous figure. In 2023, the value was Rs 7,000 per sq.ft, before it increased to the current value of Rs 7,700 per sq.ft in 2024, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 443%. The register has no figures for the years not mentioned in this overview.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value is Rs 6,600 per sq.ft, making the current guideline value of Sashthri Nagar 12th Cross Street above that median.

• Sashthri Nagar 11th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 13th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 10th 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 12th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Please note that the 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 12th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 12th 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

When buying or selling property in Urur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating the charges during the registration process.

It is important for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value is essential to comply with legal requirements and avoid any penalties.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 12th Cross Street?

The current guideline value of Sashthri Nagar 12th 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 significantly, from Rs 1,418 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 443% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 6,93,000, calculated based on the current guideline value.

Which Sub Registrar Office covers Sashthri Nagar 12th Cross Street?

The Adayar Sub Registrar Office covers Sashthri Nagar 12th Cross Street, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.

Where can I find more information about guideline values in Urur?

More information about guideline values in Urur can be found by visiting the relevant sections on the registration department's website or by consulting the local Sub Registrar Office.