Guideline Value for D.E.D 5th Street

D.E.D 5th Street guideline value

The current guideline value of D.E.D 5th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of D.E.D 5th Street has changed

Since the introduction of the guideline value register, D.E.D 5th Street has undergone several revisions. The earliest recorded value was Rs 500 per sq.ft in 2003. This value increased significantly to Rs 2,400 per sq.ft in 2007, then saw 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.

The changes between these revisions include a remarkable increase of 380% from 2003 to 2007, followed by a 46% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, before rising by 49% from 2017 to 2023, and finally increasing by 11% from 2023 to 2024. The overall increase from 2003 to 2024 is 680%. 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 equal to the current guideline value of D.E.D 5th Street.

• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 6th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 7th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• D.E.D 8th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 5th 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, totaling Rs 3,51,000. It is important to note that the 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 information.

Which Sub Registrar Office covers D.E.D 5th Street?

The Sub Registrar Office that covers D.E.D 5th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a critical 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 need to be paid during the transaction.

When a property is registered, the authorities use the guideline value to calculate the applicable duties. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected based on the property's assessed value.

Frequently asked questions

What is the current guideline value of D.E.D 5th Street?

The current guideline value of D.E.D 5th 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, with various increases and decreases in between. The overall increase from 2003 to 2024 is 680%.

What is the land classification for D.E.D 5th Street?

D.E.D 5th Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

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 registrations for properties in the Kottivakkam area.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,00,000 would incur a stamp duty of Rs 2,73,000 at 7%.