Guideline Value for CRR PURAM 2ND MAIN

Crr Puram 2nd Main guideline value

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

How the guideline value of Crr Puram 2nd Main has changed

The guideline value for Crr Puram 2nd Main has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The 2012 revision had the value at Rs 3,000 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, 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 in the register 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 guideline value for these streets is Rs 2,530 per sq.ft, placing Crr Puram 2nd Main's 2024 figure above that median.

• Crr Puram 2nd Left Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main Road 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)
• Crr Puram 2nd Main Road 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Crr Puram 1st Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Crr Puram 2nd Main

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, totaling Rs 2,97,000. It is important to note that 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 details.

Which Sub Registrar Office covers Crr Puram 2nd Main?

The Crr Puram 2nd Main area is covered by 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 plays a crucial role when buying or selling property in Manapakkam. It serves as a benchmark for the minimum value at which a property can be registered. This means that the buyer and seller must consider the guideline value when negotiating the sale price, as the registration will be based on the higher of the guideline value or the agreed sale price.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value. Therefore, it is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Crr Puram 2nd Main?

The current guideline value of Crr Puram 2nd 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 2023 to Rs 3,300 per sq.ft in 2024, a +10% increase. It was Rs 2,010 per sq.ft in 2017, which shows a +49% increase to the 2023 figure.

What is the land classification for Crr Puram 2nd Main?

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

Where can I find the Sub Registrar Office for Crr Puram 2nd Main?

The Sub Registrar Office covering Crr Puram 2nd Main is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for property in Crr Puram 2nd Main?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.