Guideline Value for PEPRIAR NAGAR 8TH STREET

Pepriar Nagar 8th Street guideline value

The current guideline value of Pepriar Nagar 8th Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Pepriar Nagar 8th Street has changed

In the 2017 revision, 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 set the value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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, with a median value of Rs 825 per sq.ft. The guideline value for Pepriar Nagar 8th Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. 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 8th Street?

The Sub Registrar Office that covers Pepriar Nagar 8th 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 factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Buyers and sellers should be aware that the guideline value is used to calculate the taxes due at the time of registration. It is essential to consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Pepriar Nagar 8th Street?

The current guideline value of Pepriar Nagar 8th Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 988 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,88,000. The stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles property registrations for Pepriar Nagar 8th Street?

The Thiruttani Sub Registrar Office handles property registrations for Pepriar Nagar 8th Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the land classification for Pepriar Nagar 8th Street?

Pepriar Nagar 8th Street is classified under Residential Class II Type - I, which indicates its designated use for residential purposes.