Guideline Value for CRR PURAM PHASE III 1ST CROSS LEFT STREET

Crr Puram Phase III 1st Cross Left Street guideline value

The current guideline value of Crr Puram Phase III 1st Cross Left 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 Phase III 1st Cross Left Street has changed

The guideline value for Crr Puram Phase III 1st Cross Left Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 3,000 per sq.ft. This figure was then revised to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the guideline value increased significantly to Rs 3,000 per sq.ft in 2023, and then further to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year. It is important to note that 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 rose by 49%, indicating a substantial increase over that period. Overall, from 2012 to 2024, the guideline value has increased by 10%, showcasing the changes in property values in this area over time.

Guideline values in Manapakkam

In Manapakkam, a total of 368 streets are recorded 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 for these streets is Rs 2,530 per sq.ft, and Crr Puram Phase III 1st Cross Left Street's 2024 figure is above this median.

• Crr Puram Phase I: Rs 3,300 per sq.ft (2024)
• Crr Puram Phase III 3rd Cross Left Right Street: Rs 3,300 per sq.ft (2024)
• C.R.R. Puram Link Road 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Crr Puram Phase III Krishna Nagar Link Road: Rs 3,300 per sq.ft (2024)
• Crr Puram Link Road 1st Main Road: Rs 3,300 per sq.ft (2024)
• Crr Puram Phase III Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Crr Puram Phase III 1st Cross Left Street

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 is charged at 7%, which totals Rs 2,31,000, and the registration fee is charged at 2%, amounting to Rs 66,000. Together, the total cost for stamp duty and registration fees comes to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Crr Puram Phase III 1st Cross Left Street?

The Sub Registrar Office that covers Crr Puram Phase III 1st Cross Left 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, Chennai registration zone.

You can find your SRO for more information.

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

When buying or selling property in Manapakkam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

The guideline value is essential for maintaining transparency in property transactions. It helps in standardizing property valuations across different areas, making it easier for buyers and sellers to understand the expected costs associated with property transfers.

Frequently asked questions

What is the current guideline value of Crr Puram Phase III 1st Cross Left Street?

The current guideline value of Crr Puram Phase III 1st Cross Left 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 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 median guideline value in Manapakkam?

The median guideline value in Manapakkam is Rs 2,530 per sq.ft, with Crr Puram Phase III 1st Cross Left Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Crr Puram Phase III 1st Cross Left Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, with a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Crr Puram Phase III 1st Cross Left Street?

The registrations for Crr Puram Phase III 1st Cross Left Street are handled 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.