Guideline Value for DEBAR NAGAR 6TH MAIN ROAD

Debar Nagar 6th Main Road guideline value

The current guideline value of Debar Nagar 6th Main Road 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 6th Main Road has changed

The guideline value for Debar Nagar 6th Main Road has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 461 per sq.ft. In 2007, it increased to Rs 500 per sq.ft, marking an 8% rise. The 2012 revision saw a significant jump to Rs 2,000 per sq.ft, which was a 300% increase. However, in 2017, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the latest 2024 revision set it at Rs 2,200 per sq.ft, a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 377%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value 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, which means that Debar Nagar 6th Main Road's 2024 figure is below this median.

• Debar Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 6th Main Road

For a property of 1,000 sq.ft at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Debar Nagar 6th Main Road?

The Sub Registrar Office that covers Debar Nagar 6th Main Road 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 plays a crucial role during the registration of property transactions in Perambur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated fairly based on the established rates.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the costs involved in the registration process. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Debar Nagar 6th Main Road?

The current guideline value of Debar Nagar 6th Main Road 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 significantly, starting from Rs 461 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 377% over the years.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, while Debar Nagar 6th Main Road's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Debar Nagar 6th Main Road?

For a property of 1,000 sq.ft, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Debar Nagar 6th Main Road?

The Purasaivakkam Sub Registrar Office handles registrations for Debar Nagar 6th Main Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.