Guideline Value

Corporate

Guideline Value for Sashthri Nagar 15th Cross Street

₹7700/sq.ft.

The guideline value for Sashthri Nagar 15th 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 15th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sashthri Nagar 15th Cross Street guideline value

The current guideline value of Sashthri Nagar 15th 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 15th Cross Street has changed

Over the years, the guideline value of Sashthri Nagar 15th Cross Street has seen significant changes. The register shows that in 2002, the value was Rs 1,110 per sq.ft, which increased to Rs 1,313 per sq.ft in 2003, marking an 18% rise. By 2007, the value jumped to Rs 2,500 per sq.ft, reflecting a 90% increase. The value further escalated to Rs 7,000 per sq.ft in 2012, which was a 180% increase from the previous revision. However, it then decreased to Rs 4,690 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 7,000 per sq.ft in 2023, and most recently, it has increased to Rs 7,700 per sq.ft in 2024, a 10% rise.

There are no figures available for the 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. Sashthri Nagar 15th Cross Street's 2024 figure of Rs 7,700 per sq.ft is above this median.

Stamp duty and registration fee for property in Sashthri Nagar 15th 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, resulting in a total of 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sashthri Nagar 15th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 15th 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 value of a property for registration purposes. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 15th Cross Street?

The current guideline value of Sashthri Nagar 15th 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, increasing from Rs 1,110 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, which is an overall increase of 594%.

What is the land classification for Sashthri Nagar 15th Cross Street?

Sashthri Nagar 15th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sashthri Nagar 15th Cross Street?

The Adayar Sub Registrar Office covers Sashthri Nagar 15th Cross Street and is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

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