Guideline Value for DEBAR NAGAR 2ND STREET

Debar Nagar 2nd Street guideline value

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

How the guideline value of Debar Nagar 2nd Street has changed

The guideline value for Debar Nagar 2nd Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, representing a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and subsequently increased to the current value of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that there are no recorded figures for Debar Nagar 2nd Street in the years 2002 and 2003.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that have 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, making the guideline value of Debar Nagar 2nd Street below this median.

• Debar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 2nd 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 fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Debar Nagar 2nd Street?

Debar Nagar 2nd Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for additional 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 stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. 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 Debar Nagar 2nd Street?

The current guideline value of Debar Nagar 2nd 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 2nd Street?

Debar Nagar 2nd Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Debar Nagar 2nd Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 2nd Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Debar Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.