Guideline Value for CRUSHER ROAD 9TH MALAI STREET

Crusher Road 9th Malai Street guideline value

The current guideline value of Crusher Road 9th 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 9th Malai Street has changed

The guideline value for Crusher Road 9th Malai Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. In 2023, the value increased significantly to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,100 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, 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 value is Rs 2,100 per sq.ft, which is equal to the guideline value of Crusher Road 9th Malai Street.

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

Stamp duty and registration fee for property in Crusher Road 9th 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 amounts to Rs 21,00,000. The stamp duty, charged at 7%, would be Rs 1,47,000, while the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. 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 Crusher Road 9th Malai Street?

The Sub Registrar Office covering Crusher Road 9th Malai Street is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official records.

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.

Frequently asked questions

What is the current guideline value of Crusher Road 9th Malai Street?

The current guideline value of Crusher Road 9th 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 back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the classification of land in Crusher Road 9th Malai Street?

The land classification for Crusher Road 9th Malai Street is Residential Class I Type - I.

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.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a plot of 1,000 sq.ft at the current rate, the total fees would be Rs 1,89,000.