Guideline Value for KARIMEDU 3RD STREET

Karimedu 3rd Street guideline value

The current guideline value of Karimedu 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Karimedu 3rd Street has changed

The guideline value for Karimedu 3rd Street has undergone several revisions since 2007. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,340 per sq.ft in 2017, marking a change of 168%. The 2023 revision set the value at Rs 2,000 per sq.ft, reflecting a 49% increase from the 2017 figure. The latest revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2012 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Karimedu 3rd Street's 2024 figure below that median.

• Karimedu 2nd Street: Rs 2,200 per sq.ft (2024)
• Karimedu 4th Street: Rs 2,200 per sq.ft (2024)
• Karimedu 1st Street: Rs 2,200 per sq.ft (2024)
• Karimedu 5th Street: Rs 2,200 per sq.ft (2024)
• Karimedu: Rs 2,200 per sq.ft (2024)
• Karnatic Mill Colony: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Karimedu 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. It is important to 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 Karimedu 3rd Street?

The Sub Registrar Office that covers Karimedu 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Karimedu 3rd Street?

The current guideline value of Karimedu 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 340%.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 2,200 per sq.ft for 2024 include Karimedu 1st Street, Karimedu 2nd Street, Karimedu 4th Street, and Karimedu 5th Street.

What is the registration fee for property in Karimedu 3rd Street?

The registration fee for property in Karimedu 3rd Street is calculated based on the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000 at a rate of 2%.

Where is the Sub Registrar Office located for Karimedu 3rd Street?

The Sub Registrar Office for Karimedu 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.