Guideline Value for DECOSTER ROAD 1ST STREET

Decoster Road 1st Street guideline value

The current guideline value of Decoster Road 1st Street is Rs 4,300 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 II Type - I.

How the guideline value of Decoster Road 1st Street has changed

The guideline value for Decoster Road 1st Street has undergone several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure dropped to Rs 2,680 per sq.ft in 2017. The guideline value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,300 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 438%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Decoster Road 1st Street's current guideline value is above this median.

• Decoster Road 2nd Street: Rs 4,300 per sq.ft (2024)
• Decoster (Road) Street: Rs 4,900 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 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the stamp 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 detailed calculations.

Which Sub Registrar Office covers Decoster Road 1st Street?

The Sub Registrar Office covering Decoster Road 1st 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 plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the duty is charged based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with regulatory requirements during property transactions. It also helps in assessing the financial implications of the sale or purchase of property in the area.

Frequently asked questions

What is the current guideline value of Decoster Road 1st Street?

The current guideline value of Decoster Road 1st Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 438% over the years.

What is the land classification for Decoster Road 1st Street?

Decoster Road 1st Street is classified as Residential Class II Type - I.

Where can I find the registration office for Decoster Road 1st Street?

The registration office for Decoster Road 1st 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 Perambur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 43,00,000, the stamp duty at 7% would be Rs 3,01,000.