Guideline Value for KRISHNADOSS 3RD STREET

Krishnadoss 3rd Street guideline value

The current guideline value of Krishnadoss 3rd Street 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 3rd Street has changed

The guideline value for Krishnadoss 3rd Street has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which saw a significant increase to Rs 3,500 per sq.ft in both 2012 and 2023. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

It is important to note that there are no figures for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 375%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Krishnadoss 3rd Street above this median.

• Krishnadoss 3rd Lane: Rs 4,300 per sq.ft (2024)
• Krishnadoss 4th Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 2nd Street: Rs 3,800 per sq.ft (2024)
• Krishnadoss 4th Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 2nd Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 5th Lane: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnadoss 3rd 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 fees to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Krishnadoss 3rd Street?

The Sub Registrar Office that covers Krishnadoss 3rd 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 property transactions in Perambur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

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

The current guideline value of Krishnadoss 3rd Street 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 800 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 375%.

What is the median guideline value in Perambur?

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

Where is the Sub Registrar Office for Krishnadoss 3rd Street located?

The Purasaivakkam Sub Registrar Office is 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, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,800 per sq.ft would incur total fees of Rs 3,42,000.