Guideline Value

Corporate

Guideline Value for Sashthri Nagar 14th Cross Street

₹7700/sq.ft.

The guideline value for Sashthri Nagar 14th Cross Street in Urur village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1313 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1110 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sashthri Nagar 14th Cross Street

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Sashthri Nagar 14th Cross Street guideline value

The current guideline value of Sashthri Nagar 14th 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Sashthri Nagar 14th Cross Street has changed

The guideline value for Sashthri Nagar 14th Cross Street has undergone several revisions over the years. The earliest recorded figure in the register is from 2002, where the guideline value was Rs 1,110 per sq.ft. This increased to Rs 1,313 per sq.ft in 2003, marking an 18% rise. By 2007, the value saw a significant jump to Rs 2,500 per sq.ft, reflecting a 90% increase. The value continued to rise, reaching Rs 7,000 per sq.ft in 2012, which was a 180% increase from 2007. However, it then dropped to Rs 4,690 per sq.ft in 2017, showing a decline of 33% before rising again to Rs 7,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 7,700 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for any other years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 594%.

Guideline values in Urur

In Urur village, 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. The guideline value for Sashthri Nagar 14th Cross Street is above this median.

Stamp duty and registration fee for property in Sashthri Nagar 14th 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 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, bringing the total to 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 our stamp duty and registration fee calculator for more details on costs.

Which Sub Registrar Office covers Sashthri Nagar 14th Cross Street?

The Sashthri Nagar 14th Cross Street is covered by 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 plays a crucial role in the registration process of property transactions in Urur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government records.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures influence the overall cost of property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 14th Cross Street?

The current guideline value of Sashthri Nagar 14th 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 1,110 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 594% over this period.

What are the stamp duty and registration fees for property in Sashthri Nagar 14th Cross Street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations in Adayar?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles property registrations in Adayar.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the transaction is recorded accurately in government records.