Guideline Value for C.R.R.PURAM 1ST TO IIIRD STREET/ALL STREET/ L&T COLONY

C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony guideline value

The current guideline value for C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Manapakkam village and falls under the Chennai South Joint I SRO with a land classification of Residential Class I Type - I.

How the guideline value of C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 850 per sq.ft. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2012, marking a growth of 253%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The most recent revisions show a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further rise to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 288%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, making the 2024 figure for C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony above this median.

• Crr Puram 1st Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Left Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 1st Main: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main: Rs 3,300 per sq.ft (2024)
• Crr Puram 1st Left Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main Road 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony

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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony?

The C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value for C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony?

The current guideline value for C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony 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 significantly from Rs 850 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 288% over the years.

What is the stamp duty for property in C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony?

The stamp duty for property in C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Manapakkam?

The median guideline value for streets in Manapakkam is Rs 2,530 per sq.ft, with C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony's 2024 figure of Rs 3,300 per sq.ft being above this median.