Guideline Value for KRISHNADOSS 2ND STREET

Krishnadoss 2nd Street guideline value

The current guideline value of Krishnadoss 2nd Street is Rs 3,800 per sq.ft. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Krishnadoss 2nd Street has changed

The guideline value for Krishnadoss 2nd Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 800 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the guideline value to Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has risen by 375%, reflecting the changes in the area over the years.

Guideline values in Perambur

In Perambur, there are a total of 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 2nd Street's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnadoss 2nd Street?

The Sub Registrar Office that covers Krishnadoss 2nd 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 during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, preventing undervaluation and ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Krishnadoss 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 3,800 per sq.ft in 2024, representing a total increase of 375% over the years.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Krishnadoss 2nd Street's value being above this median at Rs 3,800 per sq.ft.

Where can I find the Sub Registrar Office for Krishnadoss 2nd Street?

The Sub Registrar Office for Krishnadoss 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 38,00,000 will incur stamp duty and registration fees based on that amount.