Guideline Value for C.I.D ROAD 3RD STREET

C.I.D Road 3rd Street guideline value

The current guideline value of C.I.D Road 3rd 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 falls under the Residential Class III Type - II land classification.

How the guideline value of C.I.D Road 3rd Street has changed

The guideline value for C.I.D Road 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,600 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012, marking a 73% rise. However, this value dropped by 33% to Rs 3,015 per sq.ft in the 2017 revision. The following year, 2023, saw a significant increase of 49%, bringing the value to Rs 4,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

The register does not contain figures for the years 2002 and 2003 for this street. 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 guideline value in this area is Rs 5,500 per sq.ft, which means that the 2024 figure for C.I.D Road 3rd Street is below this median.

• C.I.D Road 2nd Street: Rs 4,900 per sq.ft (2024)
• C.I.D Road 4th Street: Rs 4,900 per sq.ft (2024)
• C.I.D Road 1st Street: Rs 4,900 per sq.ft (2024)
• C.I.D Road: 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be 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, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers C.I.D Road 3rd Street?

The Sub Registrar Office that covers C.I.D Road 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency in real estate transactions.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees you are required to pay. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.I.D Road 3rd Street?

The current guideline value of C.I.D Road 3rd 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 changed from Rs 2,600 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 88% over this period.

What are the stamp duty and registration fees?

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 Sub Registrar Office covers C.I.D Road 3rd Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers C.I.D Road 3rd Street.

What is the land classification for C.I.D Road 3rd Street?

C.I.D Road 3rd Street falls under the Residential Class III Type - II land classification.