Guideline Value for KARUNANIDHI SALAI 2ND STREET

Karunanidhi Salai 2nd Street guideline value

The current guideline value of Karunanidhi Salai 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 2nd Street has changed

The guideline value for Karunanidhi Salai 2nd Street has undergone several revisions since 2007. In 2007, the guideline value was Rs 550 per sq.ft, which saw a significant increase to Rs 2,500 per sq.ft in 2012. However, this value decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

In summary, from 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision shows an increase of 391%. The register does not provide figures for the years 2002 and 2003 for this street.

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 is Rs 2,700 per sq.ft, which is equal to the current guideline value of Karunanidhi Salai 2nd Street.

• Karunanidhi Salai 1st Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 17th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 4th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 16th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 2nd 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 guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunanidhi Salai 2nd Street?

The Sub Registrar Office that covers Karunanidhi Salai 2nd 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

When buying or selling property in Perambur, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the government receives appropriate revenue based on the established values for properties in the area.

The guideline value acts as a benchmark for transactions, helping to standardize property values within the locality. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 2nd Street?

The current guideline value of Karunanidhi Salai 2nd 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, reflecting an overall increase of 391% over the years.

What is the land classification for Karunanidhi Salai 2nd Street?

Karunanidhi Salai 2nd Street is classified as Residential Class III Type - II.

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

The Sub Registrar Office for Karunanidhi Salai 2nd 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.