Guideline Value for DEBAR NAGAR 11TH STREET

Debar Nagar 11th Street guideline value

The current guideline value of Debar Nagar 11th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Debar Nagar 11th Street has changed

The guideline value for Debar Nagar 11th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 500 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, which is a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 340%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur village, 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 for Debar Nagar 11th Street is below this median.

• Debar Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar: Rs 2,200 per sq.ft (2024)
• Debar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Debar Nagar 11th Street?

The Sub Registrar Office that covers Debar Nagar 11th 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 during the registration of property transactions in Perambur. It serves as a baseline for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the minimum value set by the government for property in the area.

When buying or selling property, the guideline value helps in determining the financial obligations associated with the transaction. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Debar Nagar 11th Street?

The current guideline value of Debar Nagar 11th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Debar Nagar 11th Street?

Debar Nagar 11th Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Debar Nagar 11th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Debar Nagar 11th Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 11th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.