Guideline Value for C.S.I. School Street

C.S.I. School Street guideline value

The current guideline value of C.S.I. School Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of C.S.I. School Street has changed

The guideline value for C.S.I. School Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for C.S.I. School Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing C.S.I. School Street's 2024 figure above this median.

• CTA Colony: Rs 1,870 per sq.ft (2024)
• CTA Gardan: Rs 1,870 per sq.ft (2024)
• Christian Bruel Ground Road: Rs 1,540 per sq.ft (2024)
• Chinnappa Nagar: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Met Street: Rs 1,870 per sq.ft (2024)
• Chinna Mangadu Ist Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I. School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% on this value would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.S.I. School Street?

The C.S.I. School Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Mangadu -A, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of C.S.I. School Street?

The current guideline value of C.S.I. School Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for C.S.I. School Street?

C.S.I. School Street falls under the land classification of Residential Special Type - I.

Where can I find the Sub Registrar Office for C.S.I. School Street?

The Sub Registrar Office covering C.S.I. School Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in C.S.I. School Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.