Guideline Value for C.I.D ROAD 1ST STREET

C.I.D Road 1st Street guideline value

The current guideline value of C.I.D Road 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of C.I.D Road 1st Street has changed

The guideline value for C.I.D Road 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 2,600 per sq.ft. This increased to Rs 4,500 per sq.ft in 2012, marking a 73% rise. However, there was a decline to Rs 3,015 per sq.ft in 2017, which represented a 33% decrease. The value then saw a significant increase to Rs 4,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, which is a 9% increase from the previous year.

There are no recorded figures for C.I.D Road 1st Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 88%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, indicating that C.I.D Road 1st Street's 2024 figure is below this median.

• C.I.D Road: Rs 4,900 per sq.ft (2024)
• C.I.D Road 2nd Street: Rs 4,900 per sq.ft (2024)
• C.I.D Road 3rd Street: Rs 4,900 per sq.ft (2024)
• C.I.D Road 4th Street: Rs 4,900 per sq.ft (2024)
• Church Lane: Rs 6,500 per sq.ft (2024)
• Clemants Road: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in C.I.D Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers C.I.D Road 1st Street?

The Sub Registrar Office that covers C.I.D Road 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of C.I.D Road 1st Street?

The current guideline value of C.I.D Road 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 2,600 per sq.ft in 2007, increasing to Rs 4,500 in 2012, then decreasing to Rs 3,015 in 2017, and rising to Rs 4,500 in 2023 before reaching Rs 4,900 in 2024.

What is the land classification of C.I.D Road 1st Street?

C.I.D Road 1st Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles property registrations for C.I.D Road 1st Street?

The Purasaivakkam Sub Registrar Office handles property registrations for C.I.D Road 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.