Guideline Value for C.P.M.STREET

C.P.M.Street guideline value

The current guideline value of C.P.M.Street in Thandurai village, under the Avadi SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of C.P.M.Street has changed

The guideline value for C.P.M.Street has undergone several revisions over the years. The earliest recorded value in the register is from 2002, which was Rs 87 per sq.ft. This increased to Rs 100 per sq.ft in 2003, marking a 15% rise. The value saw a significant jump to Rs 478 per sq.ft in 2007, an increase of 378%. In 2012, the value was recorded at Rs 1,200 per sq.ft, reflecting a 151% increase from the previous revision. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,300 per sq.ft, an 8% increase.

There are no figures recorded for the years not mentioned in the register for C.P.M.Street. Overall, from 2002 to 2024, the guideline value has increased by 1,394%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing C.P.M.Street's 2024 figure above this median.

• C.S.I.Church St: Rs 1,300 per sq.ft (2024)
• Colony St: Rs 800 per sq.ft (2024)
• Church St: Rs 800 per sq.ft (2024)
• Deenadayalan Nagar 1st Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 2nd Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 3rd Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in C.P.M.Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers C.P.M.Street?

The Sub Registrar Office covering C.P.M.Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on the established rates.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is essential for buyers and sellers 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.P.M.Street?

The current guideline value of C.P.M.Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 87 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 1,394% over the years.

What is the land classification for C.P.M.Street?

C.P.M.Street is classified as Residential Special Type - III according to the land classification guidelines.

Where is the Sub Registrar Office for C.P.M.Street located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at the current rate of 7%.