Guideline Value for CRR PURAM PHASE III 3RD CROSS LEFT RIGHT STREET

Crr Puram Phase III 3rd Cross Left Right Street guideline value

The current guideline value for Crr Puram Phase III 3rd Cross Left Right 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 3rd Cross Left Right Street has changed

The guideline value for Crr Puram Phase III 3rd Cross Left Right Street has undergone several revisions over the years. In the 2012 revision, 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 to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Crr Puram Phase III 3rd Cross Left Right Street is above this median.

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

Stamp duty and registration fee for property in Crr Puram Phase III 3rd Cross Left Right 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost of duty and fees to 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 detailed calculations.

Which Sub Registrar Office covers Crr Puram Phase III 3rd Cross Left Right Street?

The Crr Puram Phase III 3rd Cross Left Right Street falls under the jurisdiction of 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 value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value for Crr Puram Phase III 3rd Cross Left Right Street?

The current guideline value for Crr Puram Phase III 3rd Cross Left Right 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 back 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 for this street?

The land classification for Crr Puram Phase III 3rd Cross Left Right Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Crr Puram Phase III 3rd Cross Left Right Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for property in this area?

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