Guideline Value for CMRD ROAD

Cmrd Road guideline value

The current guideline value of Cmrd Road in Kilkattalai village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Mixed Type - II land.

How the guideline value of Cmrd Road has changed

The guideline value for Cmrd Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The latest revision in 2024 has further raised the value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for Cmrd Road in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Cmrd Road's 2024 figure above this median.

• Colony Street: Rs 1,080 per sq.ft (2024)
• Chittheri Quarters: Rs 2,160 per sq.ft (2024)
• Crystal Court: Rs 2,530 per sq.ft (2024)
• Devanderan Nagar: Rs 2,160 per sq.ft (2024)
• Chelliyamman Koil Street(Sivan Koil Street): Rs 1,980 per sq.ft (2024)
• Chelliamman Koil St, Yasodha Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Cmrd Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Cmrd Road?

The Sub Registrar Office that covers Cmrd Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Cmrd Road?

The current guideline value of Cmrd Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen various changes, with the most recent increase being from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024.

What is the land classification of Cmrd Road?

Cmrd Road is classified as Mixed Type - II land, according to the guidelines set by the government.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Cmrd Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.