Guideline Value for KRISHNADOSS 5TH STREET

Krishnadoss 5th Street guideline value

The current guideline value of Krishnadoss 5th 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Krishnadoss 5th Street has changed

The guideline value for Krishnadoss 5th Street has seen several revisions over the years. In 2007, the value was set at Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 4,300 per sq.ft, marking an 8% increase from the previous year.

Between the 2007 and 2012 revisions, there was a substantial increase of 400%. Overall, from 2007 to 2024, the guideline value has increased by 438%. There are no figures available for the revisions in 2002, 2003, and 2017 for this street.

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Krishnadoss 5th Street is above this median.

• Krishnadoss 5th Lane: Rs 3,800 per sq.ft (2024)
• Krishnadoss Main Road: Rs 4,900 per sq.ft (2024)
• Krishnadoss 4th Street: Rs 4,300 per sq.ft (2024)
• Krishnadoss 4th Lane: Rs 3,800 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 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, making the total cost for these fees Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Krishnadoss 5th Street?

The Sub Registrar Office that covers Krishnadoss 5th Street 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 during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a fair price for the property, as it reflects the current market conditions and land classification. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during registration.

Frequently asked questions

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

The current guideline value of Krishnadoss 5th 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 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% over the years.

What are the other streets in Perambur with their guideline values?

Other streets in Perambur include Krishnadoss 5th Lane at Rs 3,800 per sq.ft, Krishnadoss Main Road at Rs 4,900 per sq.ft, and Krishnadoss 4th Street at Rs 4,300 per sq.ft, among others.

What fees are associated with buying property in Krishnadoss 5th Street?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Krishnadoss 5th Street?

The Sub Registrar Office for Krishnadoss 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.