Guideline Value for KARUNANIDHI SALAI 11TH CROSS STREET

Karunanidhi Salai 11th Cross Street guideline value

The current guideline value of Karunanidhi Salai 11th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Karunanidhi Salai 11th Cross Street has changed

The guideline value for Karunanidhi Salai 11th Cross Street has seen significant changes over the years. Starting from the 2007 revision, the value was Rs 550 per sq.ft. This increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 355% rise. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The subsequent revisions showed a substantial increase, with the value rising to Rs 2,500 per sq.ft in 2023 and then to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 391%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values 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 current guideline value of Karunanidhi Salai 11th Cross Street.

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

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, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these charges would be 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Salai 11th Cross Street?

The Sub Registrar Office that covers Karunanidhi Salai 11th Cross 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, as it determines the minimum value at which properties can be registered. This value is set by the government and is used to calculate various fees, including stamp duty and registration charges.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 11th Cross Street?

The current guideline value of Karunanidhi Salai 11th Cross Street 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 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 391% over this period.

What is the land classification for Karunanidhi Salai 11th Cross Street?

Karunanidhi Salai 11th Cross Street is classified under Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Purasaivakkam Sub Registrar Office covers Karunanidhi Salai 11th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.