Guideline Value for CRUSHER ROAD 3RD MALAI STREET

Crusher Road 3rd Malai Street guideline value

The current guideline value of Crusher Road 3rd Malai Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Crusher Road 3rd Malai Street has changed

The guideline value for Crusher Road 3rd Malai Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,000 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. However, the value rose significantly in the 2023 revision to Rs 2,000 per sq.ft, and then further increased to Rs 2,100 per sq.ft in the 2024 revision, marking a 5% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a slight increase of 5%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani village, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 2,100 per sq.ft, which is the same as the current value for Crusher Road 3rd Malai Street.

• Crusher Road 3rd Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road 4th Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road: Rs 2,100 per sq.ft (2024)
• Crusher Road 9th Malai Street: Rs 2,100 per sq.ft (2024)
• Crusher Road First Lane: Rs 2,100 per sq.ft (2024)
• Crysher Road 2nd Lane: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Crusher Road 3rd Malai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to 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 Crusher Road 3rd Malai Street?

The Crusher Road 3rd Malai Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Arasankalani

The guideline value is a crucial factor during the registration of property transactions in Arasankalani. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Crusher Road 3rd Malai Street?

The current guideline value for Crusher Road 3rd Malai Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 21,00,000, with a stamp duty of Rs 1,47,000 and a registration fee of Rs 42,000, totaling Rs 1,89,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Crusher Road 3rd Malai Street?

Crusher Road 3rd Malai Street is classified as Residential Class I Type - I, indicating its suitability for residential development.