Guideline Value for CRR PURAM PHASE III KRISHNA NAGAR LINK ROAD

Crr Puram Phase III Krishna Nagar Link Road guideline value

The current guideline value for Crr Puram Phase III Krishna Nagar Link Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 Krishna Nagar Link Road has changed

The guideline value for Crr Puram Phase III Krishna Nagar Link Road has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,000 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 3,300 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Crr Puram Phase III Krishna Nagar Link Road in the register. Overall, the guideline value has increased by 10% from 2012 to 2024.

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, placing Crr Puram Phase III Krishna Nagar Link Road above this median.

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

Stamp duty and registration fee for property in Crr Puram Phase III Krishna Nagar Link Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Crr Puram Phase III Krishna Nagar Link Road?

The Sub Registrar Office that covers Crr Puram Phase III Krishna Nagar Link Road 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 here.

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 stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the stamp duty. This ensures that the transaction is assessed fairly according to the established rates in the area.

Frequently asked questions

What is the current guideline value for Crr Puram Phase III Krishna Nagar Link Road?

The current guideline value for Crr Puram Phase III Krishna Nagar Link Road 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, reflecting 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 land classification for Crr Puram Phase III Krishna Nagar Link Road?

The land classification for Crr Puram Phase III Krishna Nagar Link Road is Residential Class I Type - I. This classification indicates the type of residential development permitted in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which office handles the registration for Crr Puram Phase III Krishna Nagar Link Road?

The registration for Crr Puram Phase III Krishna Nagar Link Road is 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.