Guideline Value for DEBAR NAGAR MAIN ROAD

Debar Nagar Main Road guideline value

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

How the guideline value of Debar Nagar Main Road has changed

The guideline value for Debar Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again, reaching Rs 2,000 per sq.ft in 2023, and then further increasing to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%, demonstrating significant changes in property valuation over the years.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft in 2024. The median guideline value for these streets is Rs 2,700 per sq.ft, making the current value of Debar Nagar Main Road below this median.

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

For a 1,000 sq.ft plot 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, leading to a total of 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.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Debar Nagar Main Road?

The Sub Registrar Office covering Debar Nagar 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 is a crucial factor in property transactions in Perambur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider this value as it directly influences the costs associated with property registration.

When a property is sold, the guideline value serves as a reference point for the transaction. If the sale price is higher than the guideline value, the duty is charged based on the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

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

The current guideline value of Debar Nagar 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 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 properties on this road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office located for Debar Nagar Main Road?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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, and Debar Nagar Main Road's value is below this median.