Guideline Value for KARUNANIDHI SALAI 5TH STREET

Karunanidhi Salai 5th Street guideline value

The current guideline value of Karunanidhi Salai 5th 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 5th Street has changed

The guideline value for Karunanidhi Salai 5th Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value rose sharply to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,700 per sq.ft.

From 2017 to 2023, the value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the rise from 2007 to 2012 was a substantial 355%. Overall, from 2007 to 2024, the guideline value increased by 391%. The register has no 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 with a 2024 guideline value range 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 guideline value of Karunanidhi Salai 5th Street.

• Karunanidhi Salai 4th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 6th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 3rd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 7th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 2nd Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 8th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 5th 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 higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Karunanidhi Salai 5th Street?

The Sub Registrar Office that covers Karunanidhi Salai 5th 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 when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to assess the applicable charges. This ensures that both parties are aware of the financial obligations involved in the transaction, making the process transparent and standardized.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 5th Street?

The current guideline value of Karunanidhi Salai 5th 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 decrease and subsequent increases.

What is the land classification of Karunanidhi Salai 5th Street?

Karunanidhi Salai 5th Street is classified as Residential Class III Type - II.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Karunanidhi Salai 5th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft would incur a total stamp duty of Rs 1,89,000.