Guideline Value for KARUNANIDHI SALAI 12TH CROSS STREET

Karunanidhi Salai 12th Cross Street guideline value

The current guideline value of Karunanidhi Salai 12th 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. The land classification for this area is Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 12th Cross Street has changed

The guideline value for Karunanidhi Salai 12th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then saw a decrease to Rs 1,675 per sq.ft in 2017. Following this, the value rose to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 391%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1114 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 guideline value in this area is Rs 2,700 per sq.ft, which is equal to the current guideline value of Karunanidhi Salai 12th Cross Street.

• Karunanidhi Salai 11th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 10th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Road: 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 12th 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, 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 and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Salai 12th Cross Street?

The Sub Registrar Office that covers Karunanidhi Salai 12th Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Perambur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value can significantly impact the overall cost of property transactions.

When registering a property, the guideline value serves as a baseline for calculating the fees, ensuring that the government receives the appropriate revenue from property sales. Therefore, understanding the guideline value is essential for anyone looking to engage in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 12th Cross Street?

The current guideline value of Karunanidhi Salai 12th 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 from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and an increase in 2024.

What is the land classification for this street?

The land classification for Karunanidhi Salai 12th Cross Street is Residential Class III Type - II.

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

The Purasaivakkam Sub Registrar Office covers Karunanidhi Salai 12th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the 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, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,89,000.