Guideline Value for D.E.D 3rd Cross Street

D.E.D 3rd Cross Street guideline value

The current guideline value of D.E.D 3rd Cross 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 3rd Cross Street has changed

The guideline value for D.E.D 3rd Cross 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. Following that, the value rose to Rs 3,500 per sq.ft in 2012, but then dropped 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 with the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.

Between 2023 and 2024, the guideline value increased by 11%. From 2017 to 2023, there was a substantial increase of 49%. The value saw a decrease of 33% from 2012 to 2017, and an increase of 46% from 2007 to 2012. The most significant increase occurred from 2003 to 2007, where the value surged by 380%. 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 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 2024 figure for D.E.D 3rd Cross Street.

• D.E.D 2nd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 1st Street: Rs 3,900 per sq.ft (2024)
• D.E.D 5th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 3rd 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total fees Rs 3,51,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers D.E.D 3rd Cross Street?

The D.E.D 3rd Cross 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 details.

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

The guideline value is an essential factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or purchased, the registration office uses the guideline value to calculate the fees, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of D.E.D 3rd Cross Street?

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

What are the other streets in Kottivakkam with the same guideline value?

Other streets in Kottivakkam with the same 2024 guideline value of Rs 3,900 per sq.ft include D.E.D 1st Street, D.E.D 2nd Street, D.E.D 2nd Cross Street, D.E.D 3rd Street, D.E.D 4th Street, and D.E.D 5th Street.

Where can I find the Sub Registrar Office for D.E.D 3rd Cross Street?

The Sub Registrar Office covering D.E.D 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be calculated at 7% of that amount.