Guideline Value for C.P.D. 3rd Cross Street

C.P.D. 3rd Cross Street guideline value

The current guideline value of C.P.D. 3rd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kazhikundram village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of C.P.D. 3rd Cross Street has changed

The guideline value for C.P.D. 3rd Cross Street has seen several revisions over the years. In 2002, the value was Rs 585 per sq.ft, which increased to Rs 654 per sq.ft in 2003, marking a 12% rise. The value then experienced a significant increase of 320% to reach Rs 2,750 per sq.ft in 2007. Following this, the value rose by 27% to Rs 3,500 per sq.ft in 2012. However, in 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, and finally, it rose by 11% to the current rate of Rs 3,900 per sq.ft in 2024.

There are no figures available for the revisions in the years not mentioned in the register for C.P.D. 3rd Cross Street. Overall, from 2002 to 2024, the guideline value has increased by 567%.

Guideline values in Kazhikundram

In Kazhikundram, there are 68 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 2,800 to Rs 12,700 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, which means that the 2024 figure for C.P.D. 3rd Cross Street is below that median.

• C.P.D. 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• C.P.D 1st Main Road: Rs 3,900 per sq.ft (2024)
• C.P.D. 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Buckingam Kalvai Road: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 9th Cross Street: Rs 2,800 per sq.ft (2024)
• Buckingam Kalvai 8th Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in C.P.D. 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that the 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.P.D. 3rd Cross Street?

The Sub Registrar Office that covers C.P.D. 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kazhikundram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates rather than arbitrary figures.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of C.P.D. 3rd Cross Street?

The current guideline value of C.P.D. 3rd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 585 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 567% over this period.

What is the land classification for C.P.D. 3rd Cross Street?

C.P.D. 3rd Cross Street is classified as Residential Class III Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 39,00,000, the total fees would amount to Rs 3,51,000.

Where is the Sub Registrar Office for C.P.D. 3rd Cross Street located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.