Guideline Value for CITRINE SANCTUM BY URBAN TREE

Citrine Sanctum By Urban Tree guideline value

The current guideline value of Citrine Sanctum By Urban Tree is Rs 4,000 per sq.ft. It is located in Perumbakkam village, under the Selaiyur SRO, and classified as Residential Class II Type - I.

How the guideline value of Citrine Sanctum By Urban Tree has changed

The guideline value for Citrine Sanctum By Urban Tree has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 4,000 per sq.ft, an increase from Rs 3,750 per sq.ft in 2023, marking a change of +7%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value was Rs 3,750 per sq.ft. This figure reflects the changes in the property market over the years, but specific figures for the earlier revisions are not available for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value for Citrine Sanctum By Urban Tree is above this median.

• Color Castle: Rs 3,950 per sq.ft (2024)
• Color Feels: Rs 2,725 per sq.ft (2024)
• Chettinad Villa: Rs 2,725 per sq.ft (2024)
• Cheran Nagar: Rs 2,725 per sq.ft (2024)
• Chandrasekaran Nagar: Rs 975 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Citrine Sanctum By Urban Tree

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total charges to Rs 3,60,000. Please 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 Citrine Sanctum By Urban Tree?

The Sub Registrar Office that covers Citrine Sanctum By Urban Tree is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives due revenue from property transactions, reflecting the property's worth as per the established guideline values.

Frequently asked questions

What is the current guideline value of Citrine Sanctum By Urban Tree?

The current guideline value of Citrine Sanctum By Urban Tree is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,750 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024, representing a change of +7%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the classification of the land for Citrine Sanctum By Urban Tree?

Citrine Sanctum By Urban Tree is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the registration fees for property transactions?

The registration fees include a stamp duty of 7% on the guideline value or sale price, whichever is higher, and a registration fee of 2%. For example, a property with a guideline value of Rs 40,00,000 would incur a total fee of Rs 3,60,000.

Where can I find the Sub Registrar Office for Citrine Sanctum By Urban Tree?

The Sub Registrar Office for Citrine Sanctum By Urban Tree is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.