Guideline Value for KARUNANIDHI SALAI 8TH CROSS STREET

Karunanidhi Salai 8th Cross Street guideline value

The current guideline value of Karunanidhi Salai 8th 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, classified as Residential Class III Type - II.

How the guideline value of Karunanidhi Salai 8th Cross Street has changed

The guideline value for Karunanidhi Salai 8th Cross Street has seen 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 in 2012. However, it then dropped to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023 and has now reached Rs 2,700 per sq.ft in 2024, reflecting 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 figures listed in the register 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, making the 2024 guideline value for Karunanidhi Salai 8th Cross Street equal to this median.

• Karunanidhi Salai 7th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 6th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai All Streets: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 5th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai Main Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Karunanidhi Salai 8th 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 amounts to Rs 27,00,000. The stamp duty at 7% would be 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 duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karunanidhi Salai 8th Cross Street?

The Sub Registrar Office that covers Karunanidhi Salai 8th 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai 8th Cross Street?

The current guideline value of Karunanidhi Salai 8th 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 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 are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for this street?

The Purasaivakkam Sub Registrar Office handles property registrations for Karunanidhi Salai 8th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate the stamp duty and registration fees during property transactions.