Guideline Value for D.E.D 1st Cross Street

D.E.D 1st Cross Street guideline value

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

How the guideline value of D.E.D 1st Cross Street has changed

The guideline value for D.E.D 1st Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 384 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2003, marking a 30% rise. The value continued to grow, reaching Rs 2,400 per sq.ft in 2007, which was a substantial increase of 380%. However, in 2012, it saw a decrease to Rs 3,500 per sq.ft, representing a 33% drop. The value then increased to Rs 2,345 per sq.ft in 2017, followed by a significant rise to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024, which is an 11% increase from the previous year.

Between 2017 and 2023, the value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 916%. There are no figures available for the revisions in the years not mentioned in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village has a range of guideline values across its 284 streets under the Adayar SRO, with figures for 2024 ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of D.E.D 1st Cross Street.

• D.E.D 11th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Street: Rs 3,900 per sq.ft (2024)
• D.E.D 10th 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 1st Cross 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, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers D.E.D 1st Cross Street?

The Sub Registrar Office that covers D.E.D 1st Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kottivakkam. It is used to determine the stamp duty and registration fees payable when transferring property ownership. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties.

When you engage in a property transaction, it is essential to consult the guideline value to ensure compliance with local regulations. This value helps in assessing the financial implications of the transaction, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of D.E.D 1st Cross Street?

The current guideline value of D.E.D 1st Cross 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 changed from Rs 384 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 916% over the years.

What is the land classification for D.E.D 1st Cross Street?

The land classification for D.E.D 1st Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for D.E.D 1st Cross Street?

The Sub Registrar Office for D.E.D 1st Cross Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottivakkam?

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