Guideline Value for KARUNANIDHI SALAI ALL STREETS

Karunanidhi Salai All Streets guideline value

The current guideline value of Karunanidhi Salai All Streets 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 All Streets has changed

The guideline value for Karunanidhi Salai All Streets has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 355% increase. However, the value then decreased to Rs 1,675 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision saw a substantial increase to Rs 2,500 per sq.ft, followed by the current rate of Rs 2,700 per sq.ft in the 2024 revision, which represents an 8% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 391%.

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 for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Karunanidhi Salai All Streets.

• Karunanidhi Salai 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai Main Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 7th Street: Rs 2,700 per sq.ft (2024)
• Karunanidhi Salai 6th 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 All Streets

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 more detailed calculations.

Which Sub Registrar Office covers Karunanidhi Salai All Streets?

The Sub Registrar Office that covers Karunanidhi Salai All Streets 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 in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the financial implications of their property transactions. This helps in understanding the costs involved and ensures a smoother registration process.

Frequently asked questions

What is the current guideline value of Karunanidhi Salai All Streets?

The current guideline value of Karunanidhi Salai All Streets 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 seen several revisions, increasing from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing a total increase of 391% over the years.

What is the land classification for Karunanidhi Salai All Streets?

Karunanidhi Salai All Streets is classified as Residential Class III Type - II.

What are the registration fees for property in Karunanidhi Salai All Streets?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Karunanidhi Salai All Streets located?

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