Guideline Value for CIRIL CASTAL

Ciril Castal guideline value

The current guideline value of Ciril Castal is Rs 2,250 per sq.ft, effective from 1 July 2024. This area is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Commercial Class I Type - I.

How the guideline value of Ciril Castal has changed

The guideline value for Ciril Castal has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 1,500 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 2,250 per sq.ft, marking a 50% increase from the 2017 figure. The 2024 revision maintained the same value of Rs 2,250 per sq.ft, resulting in no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Ciril Castal's 2024 figure above this median.

• Coconut Forms: Rs 600 per sq.ft (2024)
• C.S.Sai Nagar Padappai: Rs 600 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• Bhavani Nagar: Rs 250 per sq.ft (2024)
• EVP Antiha Nagar: Rs 600 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ciril Castal

For a 1,000 sq.ft plot at the current guideline value of Rs 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, and the registration fee at 2% would be Rs 45,000, bringing the total cost to Rs 2,02,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ciril Castal?

The Sub Registrar Office that covers Ciril Castal is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Siru Mathoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, affecting the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Ciril Castal?

The current guideline value of Ciril Castal is Rs 2,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,250 per sq.ft since the 2023 revision. It increased from Rs 1,500 per sq.ft in 2017 to Rs 2,250 per sq.ft in 2023, marking a 50% increase.

What is the median guideline value for streets in Siru Mathoor?

The median guideline value for streets in Siru Mathoor is Rs 600 per sq.ft, with Ciril Castal's value being above this median.

What are the stamp duty rates for property transactions in Ciril Castal?

The stamp duty for property transactions in Ciril Castal is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Ciril Castal?

The Sub Registrar Office for Ciril Castal is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.