Guideline Value for DECOSTER ROAD 2ND STREET

Decoster Road 2nd Street guideline value

The current guideline value of Decoster Road 2nd 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 2nd Street has changed

The guideline value for Decoster Road 2nd Street has experienced several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a drop of 33%. The next revision in 2023 set the value at Rs 4,000 per sq.ft, which was then increased to Rs 4,300 per sq.ft in 2024, resulting in an 8% rise.

It is important to note that the register does not have figures for Decoster Road 2nd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 438%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Decoster Road 2nd Street's 2024 figure above that median.

• Decoster Road 1st 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 2nd 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, charged at 7%, would amount to Rs 3,01,000, while the registration fee at 2% would be Rs 86,000. Together, the total cost would be Rs 3,87,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Decoster Road 2nd Street?

The Sub Registrar Office that covers Decoster Road 2nd 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 is a critical factor in the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are documented accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Decoster Road 2nd Street?

The current guideline value of Decoster Road 2nd 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 of Decoster Road 2nd Street?

Decoster Road 2nd Street is classified as Residential Class II Type - I.

Which Sub Registrar Office is responsible for Decoster Road 2nd Street?

The Purasaivakkam Sub Registrar Office is responsible for Decoster Road 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated for properties on Decoster Road 2nd Street?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. The total cost is based on the higher of the guideline value or the sale price.