Guideline Value for Sashthri Nagar 7th Cross Street

Sashthri Nagar 7th Cross Street guideline value

The current guideline value of Sashthri Nagar 7th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Urur village, under the Adayar SRO, and is classified as Residential Special Type - II.

How the guideline value of Sashthri Nagar 7th Cross Street has changed

The guideline value for Sashthri Nagar 7th Cross Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 1,472 per sq.ft. This increased to Rs 1,741 per sq.ft in 2003, marking an 18% rise. The value continued to rise significantly to Rs 4,002 per sq.ft in 2007, reflecting a 130% increase. The 2012 revision saw a decrease to Rs 9,000 per sq.ft, a drop of 33% from the previous figure. However, in 2017, the value increased to Rs 6,030 per sq.ft, representing a 49% increase. The 2023 revision set the value at Rs 9,000 per sq.ft, which was then raised by 10% to the current value of Rs 9,900 per sq.ft in 2024.

There are no figures available for the revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by 573%.

Guideline values in Urur

In Urur village, the guideline values for 176 streets under the Adayar SRO range 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 7th Cross Street is above this median.

• Sashthri Nagar 6th Lane street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 7th Lane Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 6th Cross Street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 8th Cross Street: Rs 9,900 per sq.ft (2024)
• Sashthri Nagar 5th lane street: Rs 7,700 per sq.ft (2024)
• Sashthri Nagar 8th Lane street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sashthri Nagar 7th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total fees to Rs 8,91,000. 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 further calculations.

Which Sub Registrar Office covers Sashthri Nagar 7th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 7th Cross Street is 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 in property transactions within Urur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is crucial to be aware of the current guideline value as it directly impacts the overall costs associated with registration. Buyers and sellers should ensure they are informed of the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 7th Cross Street?

The current guideline value of Sashthri Nagar 7th Cross Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,472 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, representing an overall increase of 573% over this period.

What is the land classification for Sashthri Nagar 7th Cross Street?

Sashthri Nagar 7th Cross Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000, and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

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