Guideline Value for KARUNANIDHI SALAI 1ST STREET

Karunanidhi Salai 1st Street guideline value

The current guideline value of Karunanidhi Salai 1st 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 1st Street has changed

The guideline value for Karunanidhi Salai 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 355%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,700 per sq.ft in 2024, reflecting an increase of 8% from the previous year.

In summary, from 2007 to 2024, the overall change in the guideline value for Karunanidhi Salai 1st Street is an increase of 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 1,114 streets under the Purasaivakkam SRO, with guideline values in 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Karunanidhi Salai 1st Street.

• Karunanidhi Salai 17th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 2nd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 15th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 1st 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, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Salai 1st Street?

The Sub Registrar Office that covers Karunanidhi Salai 1st 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 the registration process when buying or selling property in Perambur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 1st Street?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft, which is a change of 49% over the years leading to the 2024 revision.

What are the guideline values for other streets in Perambur?

Other streets in Perambur under the Purasaivakkam SRO have a guideline value of Rs 2,700 per sq.ft in 2024, similar to Karunanidhi Salai 1st Street. These include Karunanidhi Salai 17th Cross Street, 2nd Street, 16th Cross Street, 3rd Street, 15th Cross Street, and 4th Street.

How is stamp duty calculated for properties in Karunanidhi Salai 1st Street?

Stamp duty for properties in Karunanidhi Salai 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000.

Where can I find the Sub Registrar Office for Karunanidhi Salai 1st Street?

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