Guideline Value

Corporate

Guideline Value for Sashthri Nagar 1st Main Road

₹12700/sq.ft.

The guideline value for Sashthri Nagar 1st Main Road in Urur village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Urur

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3300 /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 1st Main Road

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Sashthri Nagar 1st Main Road guideline value

The current guideline value of Sashthri Nagar 1st Main Road is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO, classified as Residential Special Type - I.

How the guideline value of Sashthri Nagar 1st Main Road has changed

The guideline value for Sashthri Nagar 1st Main Road has seen several revisions over the years. Starting from 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 2007 revision marked a significant jump to Rs 3,300 per sq.ft, an increase of +151%. Following this, the value rose dramatically to Rs 11,500 per sq.ft in 2012, which was a +248% change.

In the subsequent revisions, the value decreased to Rs 7,705 per sq.ft in 2017, a drop of -33%. However, the trend reversed with the 2023 revision, which set the value at Rs 11,500 per sq.ft, and then the most recent 2024 revision established the current value at Rs 12,700 per sq.ft, marking a +10% increase from the previous year.

Guideline values in Urur

In Urur, a total of 176 streets are listed under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value across these streets is Rs 6,600 per sq.ft, placing Sashthri Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Sashthri Nagar 1st Main Road

For a 1,000 sq.ft plot at the current rate of Rs 12,700 per sq.ft, the guideline value would be Rs 1,27,00,000. The stamp duty at 7% would amount to Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, totaling Rs 11,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sashthri Nagar 1st Main Road?

The Sub Registrar Office that covers Sashthri Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Urur

The guideline value plays a crucial role in property transactions in Urur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable. This ensures that both buyers and sellers are aware of the official value assigned to the property, which is essential for legal documentation.

At the time of registration, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This helps maintain transparency in property transactions and provides a standardized method for assessing property values across different areas.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 1st Main Road?

The current guideline value of Sashthri Nagar 1st Main Road is Rs 12,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 1,110 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, reflecting an overall increase of +1044% over these years.

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

For a property valued at Rs 1,27,00,000, the stamp duty would be Rs 8,89,000 and the registration fee would be Rs 2,54,000, totaling Rs 11,43,000.

Which office handles property registrations for Sashthri Nagar 1st Main Road?

The Adayar Sub Registrar Office handles property registrations for Sashthri Nagar 1st Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures transparency and provides a standardized valuation for properties in the area.