Guideline Value for CRR PURAM 1ST MAIN

Crr Puram 1st Main guideline value

The current guideline value of Crr Puram 1st Main is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Crr Puram 1st Main has changed

The guideline value for Crr Puram 1st Main has seen several revisions over the years. The figures are as follows: in 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then further rose to Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value is Rs 2,530 per sq.ft, indicating that Crr Puram 1st Main's 2024 figure is above this median.

• Crr Puram 1st Left Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 1st Street: Rs 3,300 per sq.ft (2024)
• C.R.R Puram 1st Cross Street: Rs 3,300 per sq.ft (2024)
• C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony: Rs 3,300 per sq.ft (2024)
• C.R.R Puram: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Left Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Crr Puram 1st Main

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

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

Which Sub Registrar Office covers Crr Puram 1st Main?

The Sub Registrar Office that covers Crr Puram 1st Main is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manapakkam, as it determines the minimum price at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. This ensures that the transaction is recorded at a value that reflects the established rates for the area, maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Crr Puram 1st Main?

The current guideline value of Crr Puram 1st Main is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012, to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Crr Puram 1st Main?

Crr Puram 1st Main is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Crr Puram 1st Main?

The Sub Registrar Office for Crr Puram 1st Main is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Crr Puram 1st Main?

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