Guideline Value for KRISHNADOSS 4TH STREET

Krishnadoss 4th Street guideline value

The current guideline value of Krishnadoss 4th Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Krishnadoss 4th Street has changed

In the 2007 revision, the guideline value for Krishnadoss 4th Street was Rs 800 per sq.ft. This figure saw a significant increase in the 2012 revision, where it remained at Rs 4,000 per sq.ft. The 2023 revision also recorded the same value of Rs 4,000 per sq.ft, indicating no change during that period. However, the 2024 revision marked a rise to Rs 4,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 438%. The changes between the revisions highlight a substantial growth from Rs 800 in 2007 to Rs 4,300 in 2024, with the most notable jump occurring between 2007 and 2012, where the value surged by 400%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Krishnadoss 4th Street's 2024 figure above that median.

• Krishnadoss 4th Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 5th Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss 3rd Street: Rs 3,800 per sq.ft (2024)
• Krishnadoss 5th Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 3rd Lane: Rs 4,300 per sq.ft (2024)
• Krishnadoss Main Road: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total 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, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Krishnadoss 4th Street?

The Sub Registrar Office that covers Krishnadoss 4th 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, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations 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 associated with the transfer of property ownership. This ensures that the transaction is conducted transparently and legally.

Frequently asked questions

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

The current guideline value of Krishnadoss 4th Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Krishnadoss 4th Street has changed from Rs 800 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 438%.

What is the stamp duty for properties in Krishnadoss 4th Street?

The stamp duty for properties in Krishnadoss 4th Street is 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000.

Which office handles registrations for Krishnadoss 4th Street?

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

What is the land classification of Krishnadoss 4th Street?

Krishnadoss 4th Street is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.