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Guideline Value

Corporate

Guideline Value for Decaster Road 1st cross street

₹2700/sq.ft.

The guideline value for Decaster Road 1st Cross Street in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Decaster Road 1st Cross Street

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Decaster Road 1st cross street guideline value

The current guideline value of Decaster Road 1st cross street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO and is classified as Residential Class IV Type - I.

How the guideline value of Decaster Road 1st cross street has changed

The guideline value for Decaster Road 1st cross street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a 150% rise. However, this value decreased to Rs 1,675 per sq.ft in the 2017 revision, reflecting a decline of 33%. The 2023 revision then raised it to Rs 2,500 per sq.ft, followed by the latest 2024 revision, which established the current value at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for Decaster Road 1st cross street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, indicating that Decaster Road 1st cross street's 2024 figure is below this median.

Stamp duty and registration fee for property in Decaster Road 1st cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Decaster Road 1st cross street?

The Sub Registrar Office that covers Decaster Road 1st cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vepery

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the property registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is essential for both parties to understand this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Decaster Road 1st cross street?

The current guideline value of Decaster Road 1st cross street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 170%.

What is the land classification for Decaster Road 1st cross street?

Decaster Road 1st cross street is classified as Residential Class IV Type - I.

Where is the Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,89,000.