Guideline Value for Sashthri Nagar 4th Cross Street

Sashthri Nagar 4th Cross Street guideline value

The current guideline value of Sashthri Nagar 4th Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sashthri Nagar 4th Cross Street has changed

The guideline value for Sashthri Nagar 4th Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,207 per sq.ft, which increased significantly to Rs 1,428 per sq.ft in 2003, marking an 18% rise. Following this, the value surged to Rs 5,400 per sq.ft in 2007, reflecting a substantial increase of 278%. The value then adjusted to Rs 7,000 per sq.ft in 2012, a decrease of 33%. The next revision in 2017 brought the value to Rs 4,690 per sq.ft, which was a 49% increase from the previous figure. In 2023, the guideline value was set at Rs 7,000 per sq.ft, and it has now risen to Rs 7,700 per sq.ft in the 2024 revision, a 10% increase.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 538%.

Guideline values in Urur

In Urur, 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. The median guideline value in this area is Rs 6,600 per sq.ft, placing Sashthri Nagar 4th Cross Street above this median.

• Sashthri Nagar 3rd Lane: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 4th Lane street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 3rd Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 5th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 2nd Lane: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 5th lane street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sashthri Nagar 4th 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 would be Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000. Therefore, the total cost for stamp duty and registration fee would amount to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sashthri Nagar 4th Cross Street?

The Adayar Sub Registrar Office covers Sashthri Nagar 4th Cross Street. The office is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers must be aware of the guideline value to ensure compliance with registration requirements and to avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 4th Cross Street?

The current guideline value of Sashthri Nagar 4th 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 1,207 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 538% over this period.

What is the land classification for Sashthri Nagar 4th Cross Street?

The land classification for Sashthri Nagar 4th Cross Street is Residential Class I Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Sashthri Nagar 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 5,39,000.