Guideline Value for CRR PURAM RIGHT CROSS STREET

Crr Puram Right Cross Street guideline value

The current guideline value of Crr Puram Right Cross 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 Right Cross Street has changed

Over the years, the guideline value of Crr Puram Right Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which later decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision and then rose to the current rate of Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision is an increase of 10%. The guideline value register does not provide 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 have 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 Right Cross Street's 2024 value above that median.

• Crr Puram Phase III 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 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 Right Cross 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Crr Puram Right Cross Street?

The Crr Puram Right Cross Street 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 plays a crucial role during property transactions in Manapakkam. It is the minimum value set by the government for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value when finalizing the sale price, as it can affect the total costs involved in the transaction.

When registering a property, the buyer is required to pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Crr Puram Right Cross Street?

The current guideline value of Crr Puram Right Cross 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 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Crr Puram Right Cross Street?

The land classification for Crr Puram Right Cross Street is Residential Class I Type - I.

How is stamp duty calculated for properties in Crr Puram Right Cross Street?

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

Where can I find the Sub Registrar Office for Crr Puram Right Cross Street?

The Sub Registrar Office covering Crr Puram Right Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.