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Guideline Value

Corporate

Guideline Value for Sashthri Nagar 6th Lane street

₹7700/sq.ft.

The guideline value for Sashthri Nagar 6th 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 6th Lane Street

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Sashthri Nagar 6th Lane street guideline value

The current guideline value for Sashthri Nagar 6th Lane 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, classified as Residential Class I Type - I.

How the guideline value of Sashthri Nagar 6th Lane street has changed

The guideline value for Sashthri Nagar 6th Lane street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 837 per sq.ft. It increased to Rs 990 per sq.ft in 2003, marking an 18% rise. The value then saw a significant increase of 233% to reach Rs 3,300 per sq.ft in 2007. The 2012 revision recorded a decrease of 33%, bringing the value down to Rs 7,000 per sq.ft. In 2017, the value increased to Rs 4,690 per sq.ft, reflecting a 49% rise. The 2023 revision set the value at Rs 7,000 per sq.ft, before the latest increase to Rs 7,700 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years between these revisions for Sashthri Nagar 6th Lane street. The overall change from 2002 to 2024 shows an increase of 820%.

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. The guideline value for Sashthri Nagar 6th Lane street is above this median.

Stamp duty and registration fee for property in Sashthri Nagar 6th 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. Together, the total cost for stamp duty and registration fee would be Rs 6,93,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sashthri Nagar 6th Lane street?

The Sashthri Nagar 6th 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 an important reference point when buying or selling property in Urur. It helps determine the stamp duty and registration fees applicable during the transaction. The higher of the guideline value and the sale price is considered for calculating these fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sashthri Nagar 6th Lane street?

The current guideline value for Sashthri Nagar 6th 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 from Rs 837 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 820% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sashthri Nagar 6th Lane street?

The Sub Registrar Office covering Sashthri Nagar 6th Lane street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded at a fair value and helps maintain transparency in property dealings.