Guideline Value for CART TRACK ROAD

Cart Track Road guideline value

The current guideline value of Cart Track Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Cart Track Road has changed

The guideline value for Cart Track Road has seen significant changes over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 7,500 per sq.ft in 2012, marking a rise of 650%. However, this value saw a decrease of 33% to Rs 5,025 per sq.ft in 2017. The 2023 revision recorded a value of Rs 7,500 per sq.ft, which then increased by 10% to the current rate of Rs 8,250 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for Cart Track Road. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, placing Cart Track Road's 2024 figure above this median.

• Chinnanathamman Street: Rs 3,520 per sq.ft (2024)
• Bharathiyar 2nd Main Rd: Rs 4,620 per sq.ft (2024)
• Bharathiyar 1st Main Rd: Rs 4,620 per sq.ft (2024)
• Bharathi Street: Rs 4,620 per sq.ft (2024)
• Bharathiar Street: Rs 4,620 per sq.ft (2024)
• Damodaran Street: Rs 3,080 per sq.ft (2024)

Stamp duty and registration fee for property in Cart Track Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, making the total of these fees Rs 7,42,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cart Track Road?

The Sub Registrar Office that covers Cart Track Road is 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 Ekkaduthangal

The guideline value is a crucial factor in property transactions in Ekkaduthangal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Cart Track Road?

The current guideline value of Cart Track Road is Rs 8,250 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 8,250 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What are the stamp duty and registration fees for properties on Cart Track Road?

For a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500 and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which office handles registrations for Cart Track Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Cart Track Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Cart Track Road?

The land classification for Cart Track Road is Commercial Class I Type - I, indicating its suitability for commercial activities.