Guideline Value for CROWN CITY PHASE II

Crown City Phase II guideline value

The current guideline value for Crown City Phase II is Rs 4,400 per sq.ft. This property is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Crown City Phase II has changed

The guideline value for Crown City Phase II has seen several revisions over the years. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 4,000 per sq.ft, which increased to Rs 4,400 per sq.ft in the 2024 revision, marking a change of +10%.

As per the 2024 revision, the guideline value for Crown City Phase II is Rs 4,400 per sq.ft. Prior to this, the 2023 revision set the value at Rs 4,000 per sq.ft, reflecting an increase in the property value over the past year.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Crown City Phase II is above this median, indicating a higher valuation compared to many other streets in the village.

• Crown City: Rs 4,400 per sq.ft (2024)
• C.T.H.Road: Rs 3,300 per sq.ft (2024)
• C.V.R.D.E.Quarters (Bharathiyar Nagar): Rs 801 per sq.ft (2024)
• Dayalan Nagar: Rs 950 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 950 per sq.ft (2024)
• Chinnamman Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Crown City Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Crown City Phase II?

The Sub Registrar Office that covers Crown City Phase II is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyer and seller are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Crown City Phase II?

The current guideline value of Crown City Phase II is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Crown City Phase II was Rs 4,000 per sq.ft in 2023, which increased to Rs 4,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Crown City Phase II?

Crown City Phase II is classified under Residential Class III Type - II, which is relevant for determining the guideline value and applicable regulations.

What are the stamp duty and registration fees for Crown City Phase II?

For a 1,000 sq.ft plot at a guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for properties in Paruthipattu?

The Avadi Sub Registrar Office handles registrations for properties in Paruthipattu. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.