Guideline Value for Christuraja street

Christuraja street guideline value

The current guideline value of Christuraja street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Christuraja street has changed

The guideline value for Christuraja street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Subsequently, the value increased to Rs 1,200 per sq.ft in 2023, and now stands at Rs 1,320 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for Christuraja street for the years 2002, 2003, and 2007.

Guideline values in Peerklankaranai

In Peerklankaranai, there are a total of 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Christuraja street's 2024 figure is below that median.

• Church Road: Rs 1,650 per sq.ft (2024)
• Devadass Street: Rs 1,320 per sq.ft (2024)
• Devanesa Nagar 1st Main Road: Rs 1,100 per sq.ft (2024)
• Devanesa Nagar 2nd Main Road: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 1St Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 2nd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Christuraja street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Christuraja street?

The Sub Registrar Office that covers Christuraja street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value is referenced to ascertain the minimum value for tax purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating duties and fees.

Frequently asked questions

What is the current guideline value of Christuraja street?

The current guideline value of Christuraja street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft in 2024.

What is the stamp duty for property on Christuraja street?

The stamp duty for property on Christuraja street is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would be Rs 92,400.

What is the registration fee for property in this area?

The registration fee is charged at 2% of the guideline value. For a property valued at Rs 13,20,000, the registration fee would amount to Rs 26,400.

Where can I find the Sub Registrar Office for Christuraja street?

The Sub Registrar Office for Christuraja street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.