Guideline Value for KRISHNADOSS 1ST LANE

Krishnadoss 1st Lane guideline value

The current guideline value of Krishnadoss 1st Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Krishnadoss 1st Lane has changed

The guideline value for Krishnadoss 1st Lane has seen several revisions over the years. In 2003, the guideline value was Rs 678 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This was a significant increase of 18%. By 2012, the value remained at Rs 3,500 per sq.ft, and there was no change until the 2023 revision, which also recorded Rs 3,500 per sq.ft. However, in 2024, the guideline value rose to Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 460%. The revisions for the years 2017 and 2002 do not have figures recorded for this street in the register.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Krishnadoss 1st Lane above this median.

• Krishnadoss 1st Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 2nd Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 2nd Street: Rs 3,800 per sq.ft (2024)
• Krishnadoss 3rd Lane: Rs 4,300 per sq.ft (2024)
• Krishnadoss 3rd Street: Rs 3,800 per sq.ft (2024)
• Krishnadoss 4th Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnadoss 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnadoss 1st Lane?

The Sub Registrar Office that covers Krishnadoss 1st Lane 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 minimum value at which a property can be registered, ensuring transparency in property dealings.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Krishnadoss 1st Lane?

The current guideline value of Krishnadoss 1st Lane is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 678 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 460% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, and Krishnadoss 1st Lane's 2024 figure is above this median.

What are the stamp duty and registration fees for a property in Krishnadoss 1st Lane?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 38,00,000, with stamp duty at Rs 2,66,000 and registration fee at Rs 76,000, totaling Rs 3,42,000.

Which office handles registration for Krishnadoss 1st Lane?

The Purasaivakkam Sub Registrar Office handles registration for Krishnadoss 1st Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.