Guideline Value for D.E.D 3rd Street

D.E.D 3rd Street guideline value

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

The guideline value for D.E.D 3rd Street has seen several revisions over the years. In 2003, the guideline 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 dropping to Rs 2,345 per sq.ft in 2017. Following this, the value surged to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,900 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it rose by 11%. The overall change from 2003 to 2024 is a substantial increase of 680%. It is important to note that the register has no figure for the year 2002 for this street.

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 the same as the 2024 guideline value for D.E.D 3rd Street.

• D.E.D 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 5th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 6th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 3rd 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, making the total fees together Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The D.E.D 3rd 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 information.

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

The guideline value is used as a benchmark for determining the value of properties during registration. It is essential for buyers and sellers to be aware of the guideline value as it impacts the stamp duty and registration fees applicable during property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty, which is a mandatory fee paid to the government. This ensures that the transaction is documented legally, and the property is registered in the name of the new owner.

Frequently asked questions

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

The current guideline value of D.E.D 3rd 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 is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which is the same as the 2024 value for D.E.D 3rd Street.

What are the stamp duty and registration fees for a property in D.E.D 3rd 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 office handles registrations for D.E.D 3rd Street?

The Adayar Sub Registrar Office handles registrations for D.E.D 3rd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.