Guideline Value for D G I Layout Main Road

D G I Layout Main Road guideline value

The current guideline value for D G I Layout Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of D G I Layout Main Road has changed

The guideline value for D G I Layout Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 510 per sq.ft. This increased to Rs 670 per sq.ft in 2003, marking a change of +31%. The value continued to rise significantly, reaching Rs 2,500 per sq.ft in 2007, which represented a substantial increase of +273%. In 2012, the value was recorded at Rs 3,000 per sq.ft, showing a +20% increase from the previous revision. However, from 2012 to 2017, the guideline value decreased to Rs 2,010 per sq.ft, indicating a decline of -33%. The value then increased again to Rs 3,000 per sq.ft in 2023, followed by a final increase to Rs 3,300 per sq.ft in 2024, which is a rise of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +547%. There are no figures available for the revisions in years not listed for this street.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for D G I Layout Main Road is below this median.

• D G I Layout 4th Street: Rs 3,300 per sq.ft (2024)
• D G I Layout Survey Road: Rs 3,300 per sq.ft (2024)
• D.E.D 9th street: Rs 3,900 per sq.ft (2024)
• D.E.D 8th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 7th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 6th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D G I Layout Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for stamp duty and registration fees to Rs 2,97,000. 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 D G I Layout Main Road?

The D G I Layout Main Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value acts as a benchmark for the minimum value at which a property can be registered.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration office will assess the property based on the guideline value to calculate the applicable fees, which are necessary for the legal transfer of ownership.

Frequently asked questions

What is the current guideline value for D G I Layout Main Road?

The current guideline value for D G I Layout Main Road is Rs 3,300 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 510 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of +547% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for D G I Layout Main Road?

The Adayar Sub Registrar Office is responsible for property registrations in D G I Layout Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Are there other streets in Kottivakkam with similar guideline values?

Yes, other streets in Kottivakkam have guideline values around Rs 3,300 per sq.ft, including D G I Layout 4th Street and D G I Layout Survey Road, both also valued at Rs 3,300 per sq.ft in 2024.