Guideline Value for KRISHNADOSS 2ND LANE

Krishnadoss 2nd Lane guideline value

The current guideline value of Krishnadoss 2nd Lane is Rs 3,800 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 - II.

How the guideline value of Krishnadoss 2nd Lane has changed

The guideline value for Krishnadoss 2nd Lane has seen significant changes over the years. In 2003, the value was Rs 678 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision maintained the value at Rs 3,500 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 3,500 per sq.ft. The latest revision in 2024 raised the value to Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Notably, the most substantial increase occurred between 2007 and 2012, where the value surged by 338%. From 2003 to 2024, the overall increase in guideline value stands at 460%. It is important to note that there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values 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, placing Krishnadoss 2nd Lane's guideline value above this median.

• Krishnadoss 1st Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 2nd Street: Rs 3,800 per sq.ft (2024)
• Krishnadoss 1st Lane: 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 2nd 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. Together, these fees would total Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnadoss 2nd Lane?

The Sub Registrar Office that covers Krishnadoss 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price. This value is used to calculate the stamp duty and registration fees during the property registration process.

When a property is sold, the guideline value helps in assessing the appropriate taxes that need to be paid. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Krishnadoss 2nd Lane?

The current guideline value of Krishnadoss 2nd 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 significantly, from Rs 678 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, with various revisions in between. Notably, there were no figures for the years 2002 and 2017.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft. Krishnadoss 2nd Lane's 2024 value is above this median.

What are the stamp duty and registration fees for property in Krishnadoss 2nd Lane?

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

Which office handles property registration for Krishnadoss 2nd Lane?

The Purasaivakkam Sub Registrar Office handles property registration for Krishnadoss 2nd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.