Guideline Value for CRR PURAM PHASE I

Crr Puram Phase I guideline value

The current guideline value of Crr Puram Phase I is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Crr Puram Phase I has changed

The guideline value for Crr Puram Phase I has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased substantially by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 value for these streets is Rs 2,530 per sq.ft, indicating that Crr Puram Phase I's 2024 figure is above this median.

• C.R.R. Puram Link Road 2nd 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 Link Road 1st Main Road: 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 4th Street: Rs 3,300 per sq.ft (2024)
• Crr Puram Phase III Krishna Nagar Link Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Crr Puram Phase I

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 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Crr Puram Phase I?

The Sub Registrar Office that covers Crr Puram Phase I 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 critical factor during property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated 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 Phase I?

The current guideline value of Crr Puram Phase I is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly. From 2012 to 2017, it decreased from Rs 3,000 to Rs 2,010 per sq.ft. However, it increased to Rs 3,000 in 2023 and then to Rs 3,300 in 2024.

What is the land classification for Crr Puram Phase I?

The land classification for Crr Puram Phase I is Residential Class I Type - I. This classification is important for understanding the usage and potential development of the land.

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

The Sub Registrar Office for Crr Puram Phase I is 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 Phase I?

Stamp duty for properties in Crr Puram Phase I is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.