Guideline Value for KARUNANIDHI SALAI 4TH STREET

Karunanidhi Salai 4th Street guideline value

The current guideline value of Karunanidhi Salai 4th 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 4th Street has changed

The guideline value for Karunanidhi Salai 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 355%. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024, which is an increase of 8% from the previous year.

In summary, the guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 391%. There are no figures available for the revisions in 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 guideline value for these streets is Rs 2,700 per sq.ft, which aligns with the 2024 figure for Karunanidhi Salai 4th Street.

• Karunanidhi Salai 1st Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 2nd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 4th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 5th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 6th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 4th 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 fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karunanidhi Salai 4th Street?

The Sub Registrar Office that covers Karunanidhi Salai 4th 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

When buying or selling property in Perambur, the guideline value is an important factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 4th Street?

The current guideline value of Karunanidhi Salai 4th 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 peak of Rs 2,500 per sq.ft in 2012 and a decline to Rs 1,675 per sq.ft in 2017.

Where can I find the Sub Registrar Office for Karunanidhi Salai 4th Street?

The Sub Registrar Office for Karunanidhi Salai 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

What is the classification of land for Karunanidhi Salai 4th Street?

Karunanidhi Salai 4th Street is classified as Residential Class III Type - II, which is important for determining the applicable guidelines and regulations for property transactions in the area.