Guideline Value for DEBAR NAGAR 7TH STREET

Debar Nagar 7th Street guideline value

The current guideline value of Debar Nagar 7th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Debar Nagar 7th Street has changed

The guideline value for Debar Nagar 7th Street has seen several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 1,340 per sq.ft. The value then rose to Rs 2,000 per sq.ft in 2023 and further increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, 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, the guideline values vary significantly, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,700 per sq.ft, placing Debar Nagar 7th Street's current value below this median.

• Debar Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 6th Main Road: Rs 2,200 per sq.ft (2024)
• Debar Nagar 9th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar 7th 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 or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Debar Nagar 7th Street?

The Sub Registrar Office that covers Debar Nagar 7th 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 serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Debar Nagar 7th Street?

The current guideline value of Debar Nagar 7th 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 this period.

What are the stamp duty and registration fees for property in Debar Nagar 7th 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 7th Street?

The Purasaivakkam Sub Registrar Office covers Debar Nagar 7th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, making the guideline value of Debar Nagar 7th Street lower than this median.