Guideline Value for KRISHNADOSS MAIN ROAD

Krishnadoss Main Road guideline value

The current guideline value of Krishnadoss Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Krishnadoss Main Road has changed

The guideline value for Krishnadoss Main Road has seen several revisions over the years. In 2003, the value was Rs 678 per sq.ft, which increased to Rs 1,050 per sq.ft in 2007. This marked a significant rise of 55%. The value then surged to Rs 4,500 per sq.ft in 2012, reflecting an increase of 329%. The 2023 revision maintained the value at Rs 4,500 per sq.ft, while the latest revision in 2024 raised it to Rs 4,900 per sq.ft, showing a change of 9%.

There are no figures available for the revisions in 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 623%.

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 value is Rs 2,700 per sq.ft, placing Krishnadoss Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Krishnadoss Main Road?

The Sub Registrar Office covering Krishnadoss Main Road 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 plays a crucial role in property transactions in Perambur. It is used to determine the stamp duty and registration fees payable during the registration of property transactions. Buyers and sellers must be aware of the guideline value to accurately calculate these costs.

When a property is sold, the guideline value is compared to the sale price to determine the applicable duties. The higher of the two values is used for calculating the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Krishnadoss Main Road?

The current guideline value of Krishnadoss Main Road is Rs 4,900 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 4,900 per sq.ft in 2024, reflecting an overall increase of 623% over this period.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office handles transactions for Krishnadoss Main Road?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles transactions for Krishnadoss Main Road.

What is the land classification for Krishnadoss Main Road?

Krishnadoss Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.