Guideline Value for PEPRIAR NAGAR 2ND STREET

Pepriar Nagar 2nd Street guideline value

The current guideline value of Pepriar Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class II Type - I.

How the guideline value of Pepriar Nagar 2nd Street has changed

Over the years, the guideline value of Pepriar Nagar 2nd Street has seen several revisions. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 988 per sq.ft, marking a 10% increase from the previous year. The overall increase from 2017 to 2024 is 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and 2024, reflecting significant changes in the guideline value over the years.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, placing Pepriar Nagar 2nd Street's 2024 figure above this median.

• Pepriar Nagar 3th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 4th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 5th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 6th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 8th Street: Rs 988 per sq.ft (2024)
• Pepria Street: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Pepriar Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pepriar Nagar 2nd Street?

The Sub Registrar Office that covers Pepriar Nagar 2nd Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pepriar Nagar 2nd Street?

The current guideline value of Pepriar Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 603 per sq.ft to Rs 988 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for properties in Pepriar Nagar 2nd Street?

The stamp duty rate for properties in Pepriar Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Pepriar Nagar 2nd Street?

The registration for Pepriar Nagar 2nd Street is handled by the Thiruttani Sub Registrar Office located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.