Guideline Value for CRR PURAM PHASE III MAIN ROAD

Crr Puram Phase III Main Road guideline value

The current guideline value of Crr Puram Phase III Main 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 Main Road has changed

The guideline value for Crr Puram Phase III Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 3,000 per sq.ft. This figure was revised to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. In 2023, the guideline value increased to Rs 3,000 per sq.ft, and subsequently, the latest revision in 2024 raised it to Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007.

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 in this area is Rs 2,530 per sq.ft, making the Crr Puram Phase III Main Road's 2024 figure above that median.

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

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, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Crr Puram Phase III Main Road?

The Crr Puram Phase III Main Road 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 is a crucial factor in the registration process of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, impacting the total expenditure involved in the purchase.

Frequently asked questions

What is the current guideline value of Crr Puram Phase III Main Road?

The current guideline value of Crr Puram Phase III Main 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 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 land classification for Crr Puram Phase III Main Road?

The land classification for Crr Puram Phase III Main Road is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Crr Puram Phase III Main Road?

The Sub Registrar Office covering Crr Puram Phase III Main 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 would be Rs 2,31,000 and the registration fee Rs 66,000.