The cheapest domain registrar to me would be WSDReg.com, they are a reseller of DirectI and I use them a lot to buy my new domain registrations - they have a lot of discounts (at least 3 times a year) and currently selling .NET and .IN domains at discount prices (.NET = $5.99 .IN = under $5). You won't find many top registrar's sell any gTLD's under $8.50 or so because of registry price increases.
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