Guideline Value for KRISHNADOSS 5TH LANE

Krishnadoss 5th Lane guideline value

The current guideline value of Krishnadoss 5th Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This lane is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Krishnadoss 5th Lane has changed

Over the years, the guideline value for Krishnadoss 5th Lane has seen significant changes. The earliest recorded figure is from 2003, where the value was Rs 678 per sq.ft. This increased to Rs 800 per sq.ft in 2007, marking an 18% rise. By 2012, the value was Rs 3,500 per sq.ft, reflecting a substantial increase of 338% from the 2007 figure. The guideline value remained unchanged at Rs 3,500 per sq.ft in 2023, before rising to Rs 3,800 per sq.ft in the 2024 revision, which is a 9% increase.

It is important to note that there are no recorded figures for the years 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 460%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Krishnadoss 5th Lane's 2024 figure above this median.

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

Stamp duty and registration fee for property in Krishnadoss 5th Lane

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, making the total cost for these fees Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishnadoss 5th Lane?

The Sub Registrar Office that covers Krishnadoss 5th 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 a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Krishnadoss 5th Lane?

The current guideline value of Krishnadoss 5th 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 significantly 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 other street values in Perambur?

Other streets in Perambur have varying guideline values, with Krishnadoss 4th Street and Krishnadoss 5th Street both at Rs 4,300 per sq.ft in 2024, while Krishnadoss 4th Lane and Krishnadoss 3rd Street are both at Rs 3,800 per sq.ft.

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

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 for these fees.

Which office handles property registration for Krishnadoss 5th Lane?

The Purasaivakkam Sub Registrar Office handles property registration for Krishnadoss 5th Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.