Guideline Value for KARUNANIDHI SALAI 17TH CROSS STREET

Karunanidhi Salai 17th Cross Street guideline value

The current guideline value of Karunanidhi Salai 17th 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 is classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 17th Cross Street has changed

The guideline value for Karunanidhi Salai 17th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft by 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, and the latest revision in 2024 brought it to Rs 2,700 per sq.ft, marking 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 any figures listed for this street in the register.

Guideline values in Perambur

In Perambur, 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 for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Karunanidhi Salai 17th Cross Street.

• Karunanidhi Salai 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 1st Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 15th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 2nd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 14th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 17th 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. Therefore, the total cost for these fees would be Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Karunanidhi Salai 17th Cross Street?

The Sub Registrar Office that covers Karunanidhi Salai 17th 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 details.

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

The guideline value is an important factor when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Both the buyer and seller must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 17th Cross Street?

The current guideline value of Karunanidhi Salai 17th 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, showing an overall increase of 391% over the years.

What is the land classification for this street?

Karunanidhi Salai 17th Cross Street is classified as Residential Class III Type - II.

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

The Sub Registrar Office for Karunanidhi Salai 17th Cross Street is the Purasaivakkam Sub Registrar Office, 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, if the guideline value is Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.