Guideline Value for Sashthri Nagar 9th Cross Street

Sashthri Nagar 9th Cross Street guideline value

The current guideline value of Sashthri Nagar 9th 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Sashthri Nagar 9th Cross Street has changed

The guideline value for Sashthri Nagar 9th Cross Street has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 1,679 per sq.ft. It increased to Rs 1,986 per sq.ft in 2003, marking an 18% rise. The value further climbed to Rs 3,300 per sq.ft in 2007, which was a 66% increase. In 2012, the value was recorded at Rs 7,000 per sq.ft, reflecting a substantial 112% increase from the previous revision. However, in 2017, it decreased to Rs 4,690 per sq.ft, a decline of 33%. The value then rose to Rs 7,000 per sq.ft in 2023, followed by a further increase to Rs 7,700 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 359%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Sashthri Nagar 9th Cross Street above this median.

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

Stamp duty and registration fee for property in Sashthri Nagar 9th 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, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sashthri Nagar 9th Cross Street?

The Sub Registrar Office that covers Sashthri Nagar 9th 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 details.

How the guideline value is used when you buy or sell in Urur

The guideline value is a crucial factor in the registration of property transactions in Urur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sashthri Nagar 9th Cross Street?

The current guideline value of Sashthri Nagar 9th 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 significantly from Rs 1,679 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 359% over the years.

What is the median guideline value in Urur village?

The median guideline value in Urur village is Rs 6,600 per sq.ft, which is lower than the current value of Sashthri Nagar 9th Cross Street.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 6,93,000 in fees.

Which Sub Registrar Office covers Sashthri Nagar 9th Cross Street?

The Adayar Sub Registrar Office covers Sashthri Nagar 9th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.