Guideline Value for CRR PURAM 2ND STREET

Crr Puram 2nd Street guideline value

The current guideline value of Crr Puram 2nd Street is Rs 2,530 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 II Type - I.

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

The guideline value for Crr Puram 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,300 per sq.ft, and the latest revision in 2024 raised it to Rs 2,530 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry 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, which matches the current value for Crr Puram 2nd Street.

• Crr Puram 2nd Main Road 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Crr Puram 3rd Main Road: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main Road 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 3rd Street: Rs 3,300 per sq.ft (2024)
• Crr Puram 2nd Main: Rs 3,300 per sq.ft (2024)
• Crr Puram 4th Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, leading to a total of Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Crr Puram 2nd Street?

The Sub Registrar Office that covers Crr Puram 2nd Street 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 the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Crr Puram 2nd Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2023 to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,541 per sq.ft in 2017 and Rs 2,300 per sq.ft in 2012.

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

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

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

The Sub Registrar Office for Crr Puram 2nd Street 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.

How is the stamp duty calculated for properties in Crr Puram 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100.