Guideline Value for DECOSTER (ROAD) STREET

Decoster (Road) Street guideline value

The current guideline value of Decoster (Road) Street is Rs 4,900 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 I Type - II.

How the guideline value of Decoster (Road) Street has changed

The guideline value for Decoster (Road) Street has seen several revisions over the years. In 2003, the value was Rs 643 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This significant rise of 24% was followed by an even larger jump to Rs 4,500 per sq.ft in 2012, marking a 463% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 3,015 per sq.ft. The next revision in 2023 brought the value up to Rs 4,500 per sq.ft, a 49% increase, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft, reflecting a 9% increase.

It is important to note that there is no figure available for Decoster (Road) Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 662%.

Guideline values in Perambur

In Perambur village, 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. The guideline value of Rs 4,900 per sq.ft for Decoster (Road) Street is above this median.

• Decoster Road 2nd Street: Rs 4,300 per sq.ft (2024)
• Decoster Road 1st Street: Rs 4,300 per sq.ft (2024)
• Debar Nagar Main Road: Rs 2,200 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Decoster (Road) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total cost for these fees Rs 4,41,000. 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 Decoster (Road) Street?

The Sub Registrar Office that covers Decoster (Road) 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 in the registration process for property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall transaction costs. The registration office uses this value to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Decoster (Road) Street?

The current guideline value of Decoster (Road) Street is Rs 4,900 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 643 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 662% over this period.

What is the land classification for Decoster (Road) Street?

Decoster (Road) Street is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Decoster (Road) Street?

The Sub Registrar Office for Decoster (Road) Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 4,41,000 in fees.