Guideline Value for Sashthri Nagar 8th Cross Street

Sashthri Nagar 8th Cross Street guideline value

The current guideline value of Sashthri Nagar 8th Cross Street is Rs 9,900 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 Special Type - II.

How the guideline value of Sashthri Nagar 8th Cross Street has changed

The guideline value for Sashthri Nagar 8th 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, reflecting an 18% rise. The value continued to rise significantly, reaching Rs 3,300 per sq.ft in 2007, marking a 151% increase from the previous revision. By 2012, the value was Rs 9,000 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 6,030 per sq.ft.

In 2023, the guideline value was Rs 9,000 per sq.ft, and it increased by 10% to Rs 9,900 per sq.ft in the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 792%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO, with guideline values ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, and Sashthri Nagar 8th Cross Street's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Sashthri Nagar 8th 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 amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total cost to Rs 8,91,000. It is important to 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 8th Cross Street?

The Sashthri Nagar 8th Cross 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 a crucial factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 8th Cross Street?

The current guideline value of Sashthri Nagar 8th 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 1,110 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 792% over the years.

What is the land classification for Sashthri Nagar 8th Cross Street?

The land classification for Sashthri Nagar 8th Cross Street is Residential Special Type - II.

Where is the Adayar Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 99,00,000, leading to specific fees based on this amount.