Guideline Value for KARUNANIDHI ROAD

Karunanidhi Road guideline value

The current guideline value of Karunanidhi Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Road has changed

Over the years, the guideline value of Karunanidhi Road has seen significant changes. In the 2002 revision, the value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. Following this, the value rose to Rs 800 per sq.ft in 2007, then jumped to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017, before increasing again to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 2,700 per sq.ft.

The changes between these revisions are notable. From 2002 to 2003, there was a 10% increase, followed by a 74% increase from 2003 to 2007. The value then surged by 213% from 2007 to 2012, before experiencing a decrease of 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and finally, there was an 8% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 543%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Karunanidhi Road.

• Karunanidhi Salai 10th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 15th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 more details.

Which Sub Registrar Office covers Karunanidhi Road?

The Sub Registrar Office that covers Karunanidhi Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a standardized value, which helps maintain transparency in property dealings. This process is essential for legal documentation and property ownership transfer.

Frequently asked questions

What is the current guideline value of Karunanidhi Road?

The current guideline value of Karunanidhi Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 543% over this period.

What is the stamp duty rate for property in Karunanidhi Road?

The stamp duty rate for property in Karunanidhi Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Karunanidhi Road located?

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

How is the guideline value determined for properties in Perambur?

The guideline value for properties in Perambur is determined by the Registration Department and is updated periodically to reflect changes in land values. It is used for calculating stamp duty and registration fees during property transactions.