Guideline Value for Cyrstel Gardens

Cyrstel Gardens guideline value

The current guideline value of Cyrstel Gardens is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in the village of Pillaippakkam-A, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Cyrstel Gardens has changed

The guideline value for Cyrstel Gardens has remained stable at Rs 300 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, in the 2017 revision, the guideline value was Rs 201 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

There are no recorded guideline values for Cyrstel Gardens in the revisions from 2002, 2003, 2007, and 2012, meaning the first available figure is from 2017. The consistent value of Rs 300 per sq.ft from 2023 to 2024 shows no change in the latest revision.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Cyrstel Gardens at the median value for the area.

• Deepak Nagar: Rs 300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Bhirundhavan Nagar: Rs 400 per sq.ft (2024)
• Erikkarai Street: Rs 200 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Cyrstel Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cyrstel Gardens?

The Sub Registrar Office that covers Cyrstel Gardens is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role during the registration of property transactions in Pillaippakkam-A. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must ensure that the transaction adheres to the guideline value set by the Registration Department. This ensures that the appropriate taxes and fees are calculated accurately based on the established guideline value.

Frequently asked questions

What is the current guideline value of Cyrstel Gardens?

The current guideline value of Cyrstel Gardens is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cyrstel Gardens has remained at Rs 300 per sq.ft since 2023, with a previous value of Rs 201 per sq.ft in 2017, marking a 49% increase from 2017 to 2023.

What are the other streets in Pillaippakkam-A with their guideline values?

Other streets in Pillaippakkam-A include Deepak Nagar and Dhanalakshmi Nagar at Rs 300 per sq.ft, Bramanar Street and Bhirundhavan Nagar at Rs 400 per sq.ft, Erikkarai Street at Rs 200 per sq.ft, and Beauty kingdom at Rs 300 per sq.ft.

How is the stamp duty calculated for properties in Cyrstel Gardens?

The stamp duty for properties in Cyrstel Gardens is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000.

Where is the Sub Registrar Office for Cyrstel Gardens located?

The Sub Registrar Office for Cyrstel Gardens is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of property transactions in the area.