Guideline Value for D.E.D 4th Street

D.E.D 4th Street guideline value

The current guideline value of D.E.D 4th Street in Kottivakkam village is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Residential Class II Type - I.

How the guideline value of D.E.D 4th Street has changed

The guideline value for D.E.D 4th 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. The 2023 revision set the value at Rs 3,500 per sq.ft, followed by the latest revision in 2024, which established the current value at Rs 3,900 per sq.ft.

Between these revisions, notable changes occurred. From 2003 to 2007, the value increased by 380%. The 2012 to 2017 period saw a decrease of 33%, while the value increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of 11%. Overall, from 2003 to 2024, the guideline value has risen by 680%. 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 value is Rs 3,900 per sq.ft, which is the same as the 2024 guideline value for D.E.D 4th Street.

• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 5th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 6th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 2nd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 7th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 4th 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, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.E.D 4th Street?

The Sub Registrar Office that covers D.E.D 4th 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 the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the correct amounts are paid to the government.

Frequently asked questions

What is the current guideline value of D.E.D 4th Street?

The current guideline value of D.E.D 4th 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 significantly, 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 land classification of D.E.D 4th Street?

D.E.D 4th Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for D.E.D 4th Street?

The Adayar Sub Registrar Office, which covers D.E.D 4th Street, is 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 higher of the guideline value or the sale price of the property. The current rate for stamp duty in Tamil Nadu is 7%, along with a registration fee of 2%.