Guideline Value for C.R.P. Nagar

C.R.P. Nagar guideline value

The current guideline value of C.R.P. Nagar, located in Pullilyon village under the Redhills SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of C.R.P. Nagar has changed

The guideline value for C.R.P. Nagar has seen several revisions over the years. In 2003, the value was Rs 54 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, the value rose significantly to Rs 700 per sq.ft in 2012, but then it decreased to Rs 469 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in 2023, culminating in the current figure of Rs 770 per sq.ft in 2024. The register has no figure for this street in 2002.

Between these revisions, the changes are notable. From 2003 to 2007, there was a substantial increase of +641%. The value then decreased by -33% from 2012 to 2017. However, the most recent change from 2023 to 2024 shows an increase of +10%. Overall, from 2003 to 2024, the guideline value has increased by +1326%.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. C.R.P. Nagar's current figure of Rs 770 per sq.ft is above this median.

• Devi Nagar: Rs 440 per sq.ft (2024)
• Dhargas Road: Rs 550 per sq.ft (2024)
• Bye Pass Road: Rs 2,200 per sq.ft (2024)
• Bhathrakaliamman Nagar: Rs 770 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 770 per sq.ft (2024)
• Balaji Garden Annexe - II: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in C.R.P. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 more details.

Which Sub Registrar Office covers C.R.P. Nagar?

The Sub Registrar Office that covers C.R.P. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pullilyon. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When registering a property, buyers should be aware that the guideline value will influence the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of C.R.P. Nagar?

The current guideline value of C.R.P. Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 54 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +1326% over this period.

What are the other streets in Pullilyon and their guideline values?

Other streets in Pullilyon include Devi Nagar at Rs 440 per sq.ft, Dhargas Road at Rs 550 per sq.ft, and Bye Pass Road at Rs 2,200 per sq.ft, among others.

What is the stamp duty for property in C.R.P. Nagar?

The stamp duty for property in C.R.P. Nagar is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 53,900.

Where is the Sub Registrar Office for C.R.P. Nagar located?

The Sub Registrar Office for C.R.P. Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.