Guideline Value for PEPRIAR NAGAR 4TH STREET

Pepriar Nagar 4th Street guideline value

The current guideline value of Pepriar Nagar 4th 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 4th Street has changed

The guideline value for Pepriar Nagar 4th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 988 per sq.ft, an increase from Rs 900 per sq.ft in 2023, marking a change of +10%. The value has risen significantly from Rs 603 per sq.ft in 2017, which represents a +49% increase over six years. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that we cannot assess the changes in guideline value during those 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 guideline value for these streets is Rs 825 per sq.ft, indicating that Pepriar Nagar 4th Street's 2024 figure is above this median.

• Pepriar Nagar 3th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 5th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 2nd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to 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, leading to a total cost of Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pepriar Nagar 4th Street?

The Sub Registrar Office that covers Pepriar Nagar 4th 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 of property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value to avoid any discrepancies during the registration process. Buyers should ensure that the sale price is in line with the guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Pepriar Nagar 4th Street?

The current guideline value of Pepriar Nagar 4th Street is Rs 988 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the land classification of Pepriar Nagar 4th Street?

Pepriar Nagar 4th Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Pepriar Nagar 4th Street?

The Sub Registrar Office for Pepriar Nagar 4th Street is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at the current rate, the total costs would amount to Rs 88,920.