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Guideline Value

Corporate

Guideline Value for Decastor Salai 2nd Cross street

₹2700/sq.ft.

The guideline value for Decastor Salai 2nd 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 Decastor Salai 2nd Cross Street

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Decastor Salai 2nd Cross street guideline value

The current guideline value of Decastor Salai 2nd Cross street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Decastor Salai 2nd Cross street has changed

The guideline value for Decastor Salai 2nd Cross street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, this value decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% decline. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in 2024, an 8% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a guideline value for 2024, 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, which means that the 2024 figure for Decastor Salai 2nd Cross street is below this median.

Stamp duty and registration fee for property in Decastor Salai 2nd 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, and the registration fee at 2% would be Rs 54,000, making the total fees together Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Decastor Salai 2nd Cross street?

The Sub Registrar Office that covers Decastor Salai 2nd Cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Vepery. It is used to determine the stamp duty and registration fees when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is registered accurately.

Frequently asked questions

What is the current guideline value of Decastor Salai 2nd Cross street?

The current guideline value of Decastor Salai 2nd 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, marking an overall increase of 170% over the years.

What are the stamp duty and registration fees for property in Decastor Salai 2nd Cross street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Decastor Salai 2nd Cross street?

The Periamet Sub Registrar Office covers Decastor Salai 2nd Cross street, located at 1103, Poonamallee High Road, Chennai-600 003.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to understand this value, as it can vary significantly between different areas.