Guideline Value for KARUNANIDHI SALAI 15TH CROSS STREET

Karunanidhi Salai 15th Cross Street guideline value

The current guideline value of Karunanidhi Salai 15th 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 is classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 15th Cross Street has changed

The guideline value for Karunanidhi Salai 15th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,675 per sq.ft in 2017, marking a change of +205%. Following this, the value rose to Rs 2,500 per sq.ft in 2023, an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an increase of +8% from the previous year.

There are no registered figures for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by +391%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the guideline value of Karunanidhi Salai 15th Cross Street.

• Karunanidhi Salai 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 13th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 17th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 12th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 15th 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 amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling 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 Salai 15th Cross Street?

The Sub Registrar Office that covers Karunanidhi Salai 15th 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions reflect the official valuation of the property.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 15th Cross Street?

The current guideline value of Karunanidhi Salai 15th 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 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, which is the same as that of Karunanidhi Salai 15th Cross Street.

What are the stamp duty and registration fees for a property in this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for properties in this area?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for properties in Karunanidhi Salai 15th Cross Street.