Guideline Value for DEBAR NAGAR 3RD STREET

Debar Nagar 3rd Street guideline value

The current guideline value of Debar Nagar 3rd 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 3rd Street has changed

The guideline value for Debar Nagar 3rd Street has experienced several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, the value then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw another increase to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From the 2017 revision to 2023, the value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register does not have 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, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Debar Nagar 3rd Street's 2024 value below that median.

• Debar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 3rd 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, making the total cost 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 3rd Street?

The Sub Registrar Office that covers Debar Nagar 3rd 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 in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for property transactions and is updated periodically by the Registration Department.

Frequently asked questions

What is the current guideline value of Debar Nagar 3rd Street?

The current guideline value of Debar Nagar 3rd 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, showing an overall increase of 340% over the years.

What are the registration fees for property in Debar Nagar 3rd Street?

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

Which Sub Registrar Office is responsible for Debar Nagar 3rd Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, which is higher than the current value of Debar Nagar 3rd Street.