Guideline Value for DEBAR NAGAR 5TH STREET

Debar Nagar 5th Street guideline value

The current guideline value of Debar Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, which falls under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Debar Nagar 5th Street has changed

The guideline value for Debar Nagar 5th Street has experienced several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease in the 2017 revision, bringing the value down to Rs 1,340 per sq.ft. The value then rose to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From the 2017 revision to the 2023 revision, the increase was 49%. The jump from 2012 to 2017 saw a decrease of 33%. Notably, the value surged by 300% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 340%.

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 value for these streets is Rs 2,700 per sq.ft, placing Debar Nagar 5th Street's 2024 figure below that median.

• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Main Road: Rs 2,200 per sq.ft (2024)
• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 5th 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 cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Debar Nagar 5th Street?

The Sub Registrar Office that covers Debar Nagar 5th 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 when registering property transactions in Perambur. It determines the minimum value at which the property can be registered, ensuring that all transactions are conducted at a fair value as per the government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees must be paid at the time of registration, and they are based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Debar Nagar 5th Street?

The current guideline value of Debar Nagar 5th 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, marking a total increase of 340% over this period.

What are the stamp duty and registration fees for property in Debar Nagar 5th Street?

For a property valued at 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 5th Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 5th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Debar Nagar 5th Street?

The land classification for Debar Nagar 5th Street is Residential Class IV Type - I.