Guideline Value for C.S.I Church Lane

C.S.I Church Lane guideline value

The current guideline value of C.S.I Church Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.S.I Church Lane has changed

The guideline value for C.S.I Church Lane has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose significantly to Rs 1,200 per sq.ft in the 2023 revision, and finally to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 117%. It is important to note that the register has no figures for C.S.I Church Lane for the years 2002 and 2003.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, which indicates that the 2024 guideline value for C.S.I Church Lane is below the median.

• Cross Road: Rs 3,800 per sq.ft (2024)
• Connection Road in Nethaji Nagar 3rd St to 5th Street: Rs 1,300 per sq.ft (2024)
• Connection Road in Nethaji Nagar 1st to 2nd Street: Rs 1,300 per sq.ft (2024)
• Connection Road in between Nehru Nagar to Nethaji Nagar: Rs 1,300 per sq.ft (2024)
• Company Chathiram Street: Rs 1,300 per sq.ft (2024)
• Cokran Basin 4th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I Church Lane

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 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.S.I Church Lane?

The Sub Registrar Office that covers C.S.I Church Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Both the stamp duty and registration fees are calculated based on this guideline value, ensuring that the transaction is recorded accurately.

When a buyer agrees to purchase a property, the guideline value helps in assessing the fair value of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of C.S.I Church Lane?

The current guideline value of C.S.I Church Lane 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 from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What are the stamp duty and registration fees for properties in C.S.I Church Lane?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office is responsible for C.S.I Church Lane?

The Royapuram Sub Registrar Office is responsible for C.S.I Church Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of C.S.I Church Lane?

C.S.I Church Lane is classified as Residential Class II Type - I, indicating its suitability for residential purposes.