Guideline Value for D.E.D 2nd Street

D.E.D 2nd Street guideline value

The current guideline value of D.E.D 2nd 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 with a land classification of Residential Class II Type - I.

How the guideline value of D.E.D 2nd Street has changed

The guideline value for D.E.D 2nd Street 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. The value then rose to Rs 3,500 per sq.ft in 2012, before decreasing to Rs 2,345 per sq.ft in 2017. Following this, the value surged to Rs 3,500 per sq.ft in 2023, and most recently, it has been set at Rs 3,900 per sq.ft in the 2024 revision.

Notably, there is no figure available for the year 2002 in the register for this street. The changes in guideline values between revisions include an increase of 380% from 2003 to 2007, a decrease of 33% from 2012 to 2017, and an overall increase of 680% from 2003 to 2024.

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. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of D.E.D 2nd Street.

• D.E.D 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be 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, bringing the total to Rs 3,51,000. It is important to note that 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 more details.

Which Sub Registrar Office covers D.E.D 2nd Street?

The D.E.D 2nd Street is covered by 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 the registration process for property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of D.E.D 2nd Street?

The current guideline value of D.E.D 2nd 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 for D.E.D 2nd Street has increased from Rs 500 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 680% over this period.

What are the guideline values for other streets in Kottivakkam?

Other streets in Kottivakkam have a guideline value of Rs 3,900 per sq.ft in 2024, which is the same as D.E.D 2nd Street. The values for these streets range from Rs 1,700 to Rs 8,500 per sq.ft.

What fees are associated with buying property in D.E.D 2nd Street?

When buying property in D.E.D 2nd Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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. This office handles the registration of properties in D.E.D 2nd Street.