Guideline Value for KRISHNADOSS 1ST STREET

Krishnadoss 1st Street guideline value

The current guideline value of Krishnadoss 1st Street is Rs 4,300 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 II Type - I.

How the guideline value of Krishnadoss 1st Street has changed

The guideline value for Krishnadoss 1st Street has undergone several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in the 2012 revision. This value remained unchanged until the 2023 revision, where it stayed at Rs 4,000 per sq.ft. However, in the 2024 revision, the value increased by 8% to Rs 4,300 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 438%. Notably, the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Krishnadoss 1st Street is above this median, reflecting its position within the local market.

• Krishnadoss 1st Lane: Rs 3,800 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnadoss 1st Street?

The Sub Registrar Office that covers Krishnadoss 1st 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 in the registration process when buying or selling property in Perambur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When engaging in a property transaction, both the buyer and seller should be aware of the guideline value, as it affects the overall cost and legal requirements associated with the sale. Accurate knowledge of this value ensures compliance with local regulations and helps avoid potential disputes during the registration process.

Frequently asked questions

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

The current guideline value of Krishnadoss 1st Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 438% over this period.

What is the land classification of Krishnadoss 1st Street?

Krishnadoss 1st Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles property registrations for Krishnadoss 1st Street?

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