Guideline Value for C.R.P.F

C.R.P.F guideline value

The current guideline value of C.R.P.F in Mitnamalle village, under the Avadi SRO, is Rs 804 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

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

The guideline value for C.R.P.F has seen several revisions over the years. The 2007 revision set the value at Rs 102 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision brought it back up to Rs 400 per sq.ft, and the most recent revision in 2024 has seen it rise to Rs 804 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it surged by 101%. Overall, from 2007 to 2024, the guideline value has increased by 688%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, placing C.R.P.F's 2024 figure above this median.

• Crpf Nagar Bharath Avenue: Rs 800 per sq.ft (2024)
• Devar Nagar: Rs 802 per sq.ft (2024)
• Chidambaram St: Rs 804 per sq.ft (2024)
• Chengalaiyamman Koil St: Rs 806 per sq.ft (2024)
• Durakai Amman Koil St: Rs 802 per sq.ft (2024)
• Bharathi Nagar: Rs 802 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty, charged at 7%, would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total cost for these fees to Rs 72,360. 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.R.P.F?

The C.R.P.F area is covered by 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 Mitnamalle

The guideline value is a crucial factor during property registration in Mitnamalle. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are conducted at a fair price as determined by the local government. This value is updated periodically, reflecting changes in the local real estate market.

Frequently asked questions

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

The current guideline value of C.R.P.F is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 102 per sq.ft in 2007 to Rs 804 per sq.ft in 2024, marking an overall increase of 688% over the years.

What is the land classification of C.R.P.F?

C.R.P.F is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Avadi Sub Registrar Office?

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 the stamp duty calculated for properties in C.R.P.F?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000.