Guideline Value for D.E.D 10th Street

D.E.D 10th Street guideline value

The current guideline value of D.E.D 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of D.E.D 10th Street has changed

The guideline value for D.E.D 10th Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 500 per sq.ft. This increased significantly to Rs 2,400 per sq.ft in 2007, followed by a rise to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision. The register has no figure for the year 2002 for this street.

In terms of percentage changes, the value rose by 380% from 2003 to 2007, followed by a 46% increase from 2007 to 2012. There was a decrease of 33% from 2012 to 2017, but the value saw a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an 11% increase. Overall, from 2003 to 2024, the guideline value has increased by 680%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current rate for D.E.D 10th Street.

• D.E.D 11th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.E.D 10th Street?

The D.E.D 10th Street falls under 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 is a critical factor during property transactions in Kottivakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to understand, as it influences the overall costs associated with the transaction.

Frequently asked questions

What is the current guideline value of D.E.D 10th Street?

The current guideline value of D.E.D 10th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 500 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 680% over this period.

What is the land classification for D.E.D 10th Street?

D.E.D 10th Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

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

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,51,000 based on the current guideline value.

Which office handles the registration for D.E.D 10th Street?

The Adayar Sub Registrar Office at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, is responsible for handling registrations for D.E.D 10th Street.