Guideline Value for PEPRIAR NAGAR 6TH STREET

Pepriar Nagar 6th Street guideline value

The current guideline value of Pepriar Nagar 6th Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village and falls under the Thiruttani SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pepriar Nagar 6th Street has changed

The guideline value for Pepriar Nagar 6th Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

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 among these streets is Rs 825 per sq.ft, placing Pepriar Nagar 6th Street above this median.

• Pepriar Nagar 5th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 8th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 4th Street: Rs 988 per sq.ft (2024)
• Pepria Street: Rs 1,099 per sq.ft (2024)
• Pepriar Nagar 3th Street: Rs 988 per sq.ft (2024)
• Pepriar Nagar 2nd Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Pepriar Nagar 6th 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, bringing the total fees to Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pepriar Nagar 6th Street?

The Sub Registrar Office that covers Pepriar Nagar 6th 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 is a critical component during the registration of property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation rather than the sale price alone.

When buying or selling property, understanding the guideline value helps both parties in the transaction to be aware of the associated costs. It is essential for buyers to consider this value to accurately budget for the total expenses involved in the property acquisition process.

Frequently asked questions

What is the current guideline value of Pepriar Nagar 6th Street?

The current guideline value of Pepriar Nagar 6th Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 988 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Pepriar Nagar 6th Street?

Pepriar Nagar 6th Street is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 88,920.

Which office handles registrations for Pepriar Nagar 6th Street?

The Thiruttani Sub Registrar Office handles registrations for Pepriar Nagar 6th Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.