Guideline Value for D.E.D 11th Street

D.E.D 11th Street guideline value

The current guideline value of D.E.D 11th 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 is classified as Residential Class II Type - I.

How the guideline value of D.E.D 11th Street has changed

The guideline value has seen several revisions over the years. In 2003, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2007. Following this, the value rose to Rs 3,500 per sq.ft in 2012, before dropping to Rs 2,345 per sq.ft in 2017. The value then increased sharply to Rs 3,500 per sq.ft in 2023, and is now Rs 3,900 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2023 to 2024, the guideline value increased by 11%. Between 2017 and 2023, there was a notable increase of 49%. However, the value dropped by 33% from 2012 to 2017. The increase from 2007 to 2012 was 46%, and the value surged by 380% from 2003 to 2007. 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, with guideline values 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 value of D.E.D 11th Street.

• D.E.D 10th 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 11th 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 to Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers D.E.D 11th Street?

The D.E.D 11th Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value serves as a benchmark for property transactions in Kottivakkam. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the appropriate authorities.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property registration. Understanding this value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of D.E.D 11th Street?

The current guideline value of D.E.D 11th 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 increased significantly from Rs 500 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 680% over the years.

What is the land classification for D.E.D 11th Street?

D.E.D 11th Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

How is the stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at a rate of 7%.