Guideline Value for C.L.C Road

C.L.C Road guideline value

The current guideline value of C.L.C Road in Thiruneermalai village is Rs 2,860 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Commercial Class I Type - I.

How the guideline value of C.L.C Road has changed

The guideline value for C.L.C Road has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,742 per sq.ft. This figure increased significantly to Rs 2,600 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 shows a further increase to Rs 2,860 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value for these streets is Rs 2,420 per sq.ft, placing C.L.C Road's 2024 figure above the median.

• Desigan Street: Rs 2,420 per sq.ft (2024)
• Chelliamman Nagar: Rs 1,980 per sq.ft (2024)
• Chandran Nagar Main Road: Rs 2,860 per sq.ft (2024)
• Chandran Nagar 5th Cross Street: Rs 2,860 per sq.ft (2024)
• Chandran Nagar 4th Cross Street: Rs 2,860 per sq.ft (2024)
• Chandran Nagar 3rd Cross Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in C.L.C Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total cost for these fees to Rs 2,57,400. Please 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 more detailed calculations.

Which Sub Registrar Office covers C.L.C Road?

The Sub Registrar Office that covers C.L.C Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruneermalai. 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 duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations during the transaction process.

Frequently asked questions

What is the current guideline value of C.L.C Road?

The current guideline value of C.L.C Road is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for C.L.C Road has increased from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in C.L.C Road?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles registrations for C.L.C Road?

The Pammal Sub Registrar Office is responsible for handling registrations for C.L.C Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for C.L.C Road?

C.L.C Road is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.