Guideline Value for D.E.D 1st Street

D.E.D 1st Street guideline value

The current guideline value of D.E.D 1st 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 falls under the Residential Class II Type - I land classification.

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

The guideline value for D.E.D 1st Street has undergone several revisions over the years. In 2003, the guideline 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, it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as of the 2024 revision.

From 2003 to 2024, the overall increase in the guideline value is 680%. Notably, the change from 2023 to 2024 reflects an increase of 11%, while the increase from 2017 to 2023 was 49%. The register has no figure for the year 2002 for this street.

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 is Rs 3,900 per sq.ft, which is equal to the current value of D.E.D 1st Street.

• D.E.D 1st Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 11th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 10th 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total fees together Rs 3,51,000. 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.E.D 1st Street?

The Sub Registrar Office that covers D.E.D 1st Street is 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 crucial factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of D.E.D 1st 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 500 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 680% over the years.

What are the stamp duty and registration fees for properties in D.E.D 1st Street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office handles registrations for D.E.D 1st Street?

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

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, which is the same as the current guideline value for D.E.D 1st Street.