Guideline Value for DEBAR NAGAR 4TH STREET

Debar Nagar 4th Street guideline value

The current guideline value of Debar Nagar 4th 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 4th Street has changed

The guideline value of Debar Nagar 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which 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 dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and further increased to Rs 2,200 per sq.ft in 2024, reflecting 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 figures available for the revisions in 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. The median guideline value is Rs 2,700 per sq.ft, making the 2024 figure for Debar Nagar 4th Street below this median.

• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Main Road: Rs 2,200 per sq.ft (2024)
• Debar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 4th 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Debar Nagar 4th Street?

Debar Nagar 4th 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 more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor when buying or selling property in Perambur as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, it is essential to refer to the guideline value register to understand the applicable rates. This helps in ensuring compliance with legal requirements and facilitates a smooth transaction process.

Frequently asked questions

What is the current guideline value of Debar Nagar 4th Street?

The current guideline value of Debar Nagar 4th 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 are the stamp duty and registration fees for property in Debar Nagar 4th Street?

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

Which Sub Registrar Office covers Debar Nagar 4th Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Debar Nagar 4th Street?

Debar Nagar 4th Street is classified as Residential Class IV Type - I.