Guideline Value for DEBAR NAGAR 9TH STREET

Debar Nagar 9th Street guideline value

The current guideline value of Debar Nagar 9th 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 9th Street has changed

Over the years, the guideline value of Debar Nagar 9th Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 500 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 300%. However, this value decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of 33%. The next revision in 2023 saw an increase to Rs 2,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Debar Nagar 9th Street is below this median.

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

Stamp duty and registration fee for property in Debar Nagar 9th 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, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Debar Nagar 9th Street?

The Sub Registrar Office that covers Debar Nagar 9th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees.

When buying or selling a property, the guideline value ensures that the transaction is registered at a value that reflects the current market standards. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Debar Nagar 9th Street?

The current guideline value of Debar Nagar 9th 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 significantly 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 is the land classification for Debar Nagar 9th Street?

Debar Nagar 9th Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Debar Nagar 9th Street?

The Sub Registrar Office for Debar Nagar 9th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Debar Nagar 9th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.