Guideline Value for C.L.C Works Road

C.L.C Works Road guideline value

The current guideline value of C.L.C Works Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

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

The guideline value for C.L.C Works Road has seen several revisions over the years. In 2003, the value was Rs 827 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 21%. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by the latest revision to Rs 3,300 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 299%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for C.L.C Works Road.

• C.N. Padmanaban Street: Rs 3,300 per sq.ft (2024)
• C.N.Padmanabhan Street: Rs 3,300 per sq.ft (2024)
• Church Road: Rs 2,750 per sq.ft (2024)
• Christhu Nagar: Rs 2,750 per sq.ft (2024)
• Chitra Township: Rs 3,850 per sq.ft (2024)
• Chinna 2nd Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers C.L.C Works Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. This helps maintain transparency in property transactions within the region.

Frequently asked questions

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

The current guideline value of C.L.C Works Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 827 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 299% over the years.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which is the same as the current value for C.L.C Works Road.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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

The Pallavaram Sub Registrar Office handles property registrations for C.L.C Works Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.