Guideline Value for Crystal Court

Crystal Court guideline value

The current guideline value of Crystal Court in Kilkattalai village is Rs 2,530 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Crystal Court has changed

The guideline value for Crystal Court has seen several revisions over the years. In 2003, the value was Rs 132 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,300 per sq.ft in 2012, marking a 229% increase. However, the value dropped to Rs 1,541 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, and most recently, it has increased to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1817%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, which is the same as the current value for Crystal Court.

• Colony Street: Rs 1,080 per sq.ft (2024)
• Cmrd Road: Rs 3,300 per sq.ft (2024)
• Devanderan Nagar: Rs 2,160 per sq.ft (2024)
• Chittheri Quarters: Rs 2,160 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,980 per sq.ft (2024)
• Chelliyamman Koil Street(Sivan Koil Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Crystal Court

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost for these fees Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Crystal Court?

The Sub Registrar Office that covers Crystal Court is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Kilkattalai

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in standardizing property transactions and preventing undervaluation.

Frequently asked questions

What is the current guideline value of Crystal Court?

The current guideline value of Crystal Court is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 132 per sq.ft in 2003 and reaching Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1817% from 2003 to 2024.

What is the classification of land in Crystal Court?

Crystal Court is classified as Residential Class I Type - II under the Pallavaram SRO.

Where can I find the registration office for Crystal Court?

The registration office for Crystal Court is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,27,700.