Guideline Value for KRISHNADOSS 4TH LANE

Krishnadoss 4th Lane guideline value

The current guideline value of Krishnadoss 4th Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This lane is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Krishnadoss 4th Lane has changed

The guideline value of Krishnadoss 4th Lane has seen 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. This marked a significant rise of 18%. The value remained unchanged at Rs 3,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has increased the guideline value to Rs 3,800 per sq.ft, reflecting a change of 9% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 460%. Notably, 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 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Krishnadoss 4th Lane's 2024 figure above this median.

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

Stamp duty and registration fee for property in Krishnadoss 4th Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the 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, resulting in a total of 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.

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

Which Sub Registrar Office covers Krishnadoss 4th Lane?

The Sub Registrar Office covering Krishnadoss 4th 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 crucial when registering a property in Perambur, as it determines the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Krishnadoss 4th Lane?

The current guideline value of Krishnadoss 4th 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 from Rs 678 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 460% over this period.

What are the stamp duty and registration fees for properties in this lane?

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office handles registrations for Krishnadoss 4th Lane?

The Purasaivakkam Sub Registrar Office handles registrations for Krishnadoss 4th Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where does Krishnadoss 4th Lane stand compared to other streets in Perambur?

Krishnadoss 4th Lane's 2024 guideline value of Rs 3,800 per sq.ft is above the median value of Rs 2,700 per sq.ft for streets in Perambur under the Purasaivakkam SRO.