Guideline Value for Sashthri Nagar 13th Cross Street

Sashthri Nagar 13th Cross Street guideline value

The current guideline value of Sashthri Nagar 13th 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 13th Cross Street has changed

The guideline value for Sashthri Nagar 13th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,110 per sq.ft, which increased to Rs 1,313 per sq.ft in 2003, marking an 18% rise. The value continued to rise, reaching Rs 2,500 per sq.ft in 2007, a significant increase of 90%. By 2012, the value was Rs 7,000 per sq.ft, reflecting a 180% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, a drop of 33%.

In 2017, the guideline value was revised to Rs 4,690 per sq.ft, which then increased to Rs 7,000 per sq.ft in 2023, showing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for revisions in years not listed in the register.

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, with a median value of Rs 6,600 per sq.ft. The guideline value of Sashthri Nagar 13th Cross Street is above this median.

• Sashthri Nagar 12th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 14th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 11th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 15th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 10th 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 13th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sashthri Nagar 13th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 13th 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 registering property transactions in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 13th Cross Street?

The current guideline value of Sashthri Nagar 13th 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, reflecting an overall increase of 594% over the years.

What is the land classification for Sashthri Nagar 13th Cross Street?

Sashthri Nagar 13th Cross Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Sashthri Nagar 13th Cross Street?

The Sub Registrar Office for Sashthri Nagar 13th Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Sashthri Nagar 13th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,93,000.