Guideline Value for KARIMEDU 4TH STREET

Karimedu 4th Street guideline value

The current guideline value of Karimedu 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Karimedu 4th Street has changed

The guideline value for Karimedu 4th Street has seen significant changes over the years. The 2007 revision set the value at Rs 500 per sq.ft. This increased to Rs 1,340 per sq.ft in the 2017 revision, marking a substantial rise of 168%. Following that, the value jumped to Rs 2,000 per sq.ft in 2023, which was a 49% increase from the previous revision. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which means that the guideline value of Karimedu 4th Street is below this median.

• Karimedu 3rd Street: Rs 2,200 per sq.ft (2024)
• Karimedu 5th Street: Rs 2,200 per sq.ft (2024)
• Karimedu 2nd Street: Rs 2,200 per sq.ft (2024)
• Karimedu 1st 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 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Karimedu 4th Street?

The Sub Registrar Office that covers Karimedu 4th 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 buying or selling property in Perambur. It serves as the minimum value for property transactions, ensuring that the registration fees and stamp duties are calculated fairly based on the established rates. Buyers and sellers must consider this value for accurate financial planning during property transactions.

When registering a property, the guideline value helps determine the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This process ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Karimedu 4th Street?

The current guideline value of Karimedu 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much 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 is the land classification of Karimedu 4th Street?

Karimedu 4th Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Karimedu 4th Street?

The Sub Registrar Office for Karimedu 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.