Guideline Value

Corporate

Guideline Value for Sashthri Nagar 5th Cross Street

₹7700/sq.ft.

The guideline value for Sashthri Nagar 5th 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 ₹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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 5th Cross Street

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Sashthri Nagar 5th Cross Street guideline value

The current guideline value of Sashthri Nagar 5th 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 5th Cross Street has changed

The guideline value for Sashthri Nagar 5th Cross Street has seen several revisions over the years. In 2002, the value was Rs 1,110 per sq.ft, which increased to Rs 1,313 per sq.ft in 2003. Following this, the value rose significantly to Rs 3,300 per sq.ft in 2007, and further to Rs 7,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 4,690 per sq.ft. The most recent revisions show an increase to Rs 7,000 per sq.ft in 2023, and the current value is Rs 7,700 per sq.ft from 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is 594%. The value rose by 18% from 2002 to 2003, followed by a substantial increase of 151% from 2003 to 2007. The value then increased by 112% from 2007 to 2012, but saw a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024.

Guideline values in Urur

In Urur village, 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 guideline value in this area is Rs 6,600 per sq.ft, making the 2024 value of Sashthri Nagar 5th Cross Street above that median.

Stamp duty and registration fee for property in Sashthri Nagar 5th 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 amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling 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 further calculations.

Which Sub Registrar Office covers Sashthri Nagar 5th Cross Street?

The Sashthri Nagar 5th 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 is an essential factor during the registration of property transactions in Urur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value provides a reference point for the transaction value. It ensures that the property is registered at a value that reflects the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 5th Cross Street?

The current guideline value of Sashthri Nagar 5th 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 multiple times, starting 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 the years.

What is the classification of Sashthri Nagar 5th Cross Street?

Sashthri Nagar 5th Cross Street is classified as Residential Class I Type - I under the Adayar SRO.

Where can I find the Sub Registrar Office for Sashthri Nagar 5th Cross Street?

The Adayar Sub Registrar Office, which covers Sashthri Nagar 5th Cross Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Sashthri Nagar 5th Cross Street?

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%.