Guideline Value for KRISHNADOSS 3RD LANE

Krishnadoss 3rd Lane guideline value

The current guideline value of Krishnadoss 3rd Lane is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Krishnadoss 3rd Lane has changed

The guideline value for Krishnadoss 3rd Lane has undergone several revisions over the years. In the 2003 revision, the value was Rs 678 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking an increase of 18%. The value then saw a significant jump to Rs 4,000 per sq.ft in 2012, reflecting a 400% increase from the previous revision. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision.

In 2023, the guideline value was revised to Rs 4,000 per sq.ft, which then increased to Rs 4,300 per sq.ft in the 2024 revision, representing an 8% rise. Overall, from 2003 to 2024, the guideline value has increased by 534%.

Guideline values in Perambur

In Perambur village, 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 3rd Lane is above this median.

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

Stamp duty and registration fee for property in Krishnadoss 3rd Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the 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, totaling Rs 3,87,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnadoss 3rd Lane?

The Sub Registrar Office that covers Krishnadoss 3rd 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 critical factor in property transactions in Perambur, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs that must be considered by both buyers and sellers. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Krishnadoss 3rd Lane?

The current guideline value of Krishnadoss 3rd Lane 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 seen several revisions, starting from Rs 678 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 534% over the years.

What are the stamp duty and registration fees for properties 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 Sub Registrar Office covers Krishnadoss 3rd Lane?

The Purasaivakkam Sub Registrar Office covers Krishnadoss 3rd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Krishnadoss 3rd Lane?

Krishnadoss 3rd Lane is classified as Residential Class II Type - I, indicating its designation for residential use.