Guideline Value for CRR PURAM 2ND LEFT CROSS STREET

Crr Puram 2nd Left Cross Street guideline value

The current guideline value of Crr Puram 2nd Left Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Crr Puram 2nd Left Cross Street has changed

The guideline value for Crr Puram 2nd Left Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, when the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 3,300 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Manapakkam

In Manapakkam, there are a total of 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, making the 2024 figure for Crr Puram 2nd Left Cross Street above this median.

• C.R.R.Puram 1st To Iiird Street/All Street/ L&t Colony: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main: Rs 3,300 per sq.ft (2024)
• Crr Puram 1st Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main Road 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 1st Main: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main Road 2nd Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Crr Puram 2nd Left Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Crr Puram 2nd Left Cross Street?

The Sub Registrar Office that covers Crr Puram 2nd Left Cross Street is the Chennai South Joint I Sub Registrar Office. The office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Manapakkam. It is used as a basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware that the guideline value is often considered the minimum value for transactions.

When registering a property, the authorities will assess the higher of the guideline value or the sale price to determine the applicable fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Crr Puram 2nd Left Cross Street?

The current guideline value of Crr Puram 2nd Left Cross Street 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, which was a 49% increase from the previous revision in 2012.

What is the stamp duty for property in Crr Puram 2nd Left Cross Street?

The stamp duty for property in Crr Puram 2nd Left Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Crr Puram 2nd Left Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Crr Puram 2nd Left Cross Street. The office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Crr Puram 2nd Left Cross Street?

The land classification for Crr Puram 2nd Left Cross Street is Residential Class I Type - I, indicating its suitability for residential purposes.