Guideline Value for CASA GRANDE

Casa Grande guideline value

The current guideline value of Casa Grande, located in Perungalathur village under the Padappai SRO, is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Casa Grande has changed

The guideline value for Casa Grande has seen significant changes over the years. The 2017 revision set the value at Rs 1,608 per sq.ft, which increased to Rs 2,400 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,640 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Casa Grande's current value above this median.

• Buddar Street: Rs 2,970 per sq.ft (2024)
• Chendur Avenue: Rs 4,180 per sq.ft (2024)
• Blue Saghar: Rs 1,650 per sq.ft (2024)
• Chennai Metro Politan Co Operative Society Ltd: Rs 1,980 per sq.ft (2024)
• Cheran Theru: Rs 1,980 per sq.ft (2024)
• Chitra Avenue: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Casa Grande

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, making the total cost for these fees Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Casa Grande?

The Casa Grande property falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perungalathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and helps in maintaining a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Casa Grande?

The current guideline value of Casa Grande is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,608 per sq.ft, the value increased to Rs 2,400 per sq.ft in 2023, and then to Rs 2,640 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Casa Grande?

Casa Grande is classified under Residential Class I Type - I land classification, which indicates its suitability for residential development.

What are the stamp duty and registration fees for Casa Grande?

The stamp duty for Casa Grande is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 2,37,600.

Where is the Sub Registrar Office for Casa Grande located?

The Padappai Sub Registrar Office, which covers Casa Grande, is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.