Guideline Value for DEBAR NAGAR

Debar Nagar guideline value

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

How the guideline value of Debar Nagar has changed

Over the years, the guideline value of Debar Nagar has seen several revisions. The oldest recorded revision is from 2003, where the guideline value was Rs 461 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking an increase of 8%. The value then experienced a significant rise to Rs 2,000 per sq.ft in 2012, reflecting a 300% increase. The value remained unchanged at Rs 2,000 per sq.ft until 2023, when it increased to Rs 2,200 per sq.ft, a rise of 10%. The overall increase from 2003 to 2024 is 377%.

There are no figures recorded for the years 2002 and 2017 in the register for this street. The guideline value has thus evolved significantly over the years, reflecting changes in the local real estate landscape.

Guideline values in Perambur

In Perambur, the guideline values for 2024 range from Rs 1,600 to Rs 7,100 per sq.ft across 1,114 streets under the Purasaivakkam SRO, with a median value of Rs 2,700 per sq.ft. Debar Nagar's current guideline value is below this median.

• Debar Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Debar Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Debar Nagar

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, resulting in 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Debar Nagar?

Debar Nagar falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Debar Nagar?

The current guideline value of Debar Nagar 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 increased from Rs 461 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 377%.

What are the stamp duty rates applicable in Debar Nagar?

The stamp duty rate in Debar Nagar is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same value.

Which Sub Registrar Office covers Debar Nagar?

Debar Nagar is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Debar Nagar?

Debar Nagar is classified as Residential Class IV Type - I, indicating its designation for residential use within the area.