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Guideline Value

Corporate

Guideline Value for Sashthri Nagar 4th Lane street

₹7700/sq.ft.

The guideline value for Sashthri Nagar 4th Lane 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 ₹3300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹990 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹837 /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 4th Lane Street

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Sashthri Nagar 4th Lane street guideline value

The current guideline value of Sashthri Nagar 4th Lane street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class I Type - I.

How the guideline value of Sashthri Nagar 4th Lane street has changed

The guideline value for Sashthri Nagar 4th Lane street has seen significant changes over the years. In 2002, the value was Rs 837 per sq.ft, which increased to Rs 990 per sq.ft in 2003, marking an 18% rise. The following revisions showed a substantial increase, with the value climbing to Rs 3,300 per sq.ft in 2007, reflecting a 233% growth. In 2012, the value adjusted to Rs 7,000 per sq.ft, which was a decrease of 33% from the previous revision. The value then increased to Rs 4,690 per sq.ft in 2017, a 49% rise. The most recent revision in 2023 set the value at Rs 7,000 per sq.ft, which was a 49% increase from 2017. The current figure of Rs 7,700 per sq.ft in 2024 represents a 10% increase from 2023.

Guideline values in Urur

In Urur, 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. The median value is Rs 6,600 per sq.ft, and Sashthri Nagar 4th Lane street's current value is above this median.

Stamp duty and registration fee for property in Sashthri Nagar 4th Lane 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 fees to Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sashthri Nagar 4th Lane street?

The Sashthri Nagar 4th Lane street falls under 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 crucial when buying or selling property in Urur, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as the guideline value reflects the prevailing market conditions.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 4th Lane street?

The current guideline value of Sashthri Nagar 4th Lane 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 837 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, which is an overall increase of 820%.

What is the role of the Adayar SRO?

The Adayar Sub Registrar Office is responsible for the registration of property transactions in the area, including Sashthri Nagar 4th Lane street. It ensures that all transactions comply with legal requirements.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 and a registration fee of Rs 1,54,000.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet) or by visiting the Adayar SRO.