Guideline Value for D.E.D 6th Street

D.E.D 6th Street guideline value

The current guideline value of D.E.D 6th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of D.E.D 6th Street has changed

The guideline value for D.E.D 6th Street has seen significant changes over the years. In 2003, the value was Rs 500 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2007. Following this, 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 to Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 680%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current value of D.E.D 6th Street.

• D.E.D 5th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 7th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 8th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)
• D.E.D 9th street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 6th 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 fees 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers D.E.D 6th Street?

The Sub Registrar Office that covers D.E.D 6th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Buyers and sellers must be aware that the guideline value is used to assess the minimum value for registration purposes. This ensures that the property is registered at a value that reflects the current market conditions as per the official records.

Frequently asked questions

What is the current guideline value of D.E.D 6th Street?

The current guideline value of D.E.D 6th 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 this period.

What is the land classification for D.E.D 6th Street?

D.E.D 6th Street is classified as Residential Class II Type - I under the land classification regulations.

Where can I find the Sub Registrar Office for D.E.D 6th Street?

The Adayar Sub Registrar Office, which covers D.E.D 6th Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs total fees of Rs 3,51,000.