Guideline Value for D.E.D 8th Street

D.E.D 8th Street guideline value

The current guideline value of D.E.D 8th 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 8th Street has changed

The guideline value for D.E.D 8th Street has undergone several revisions over the years. Starting from Rs 500 per sq.ft in 2003, it increased to Rs 2,400 per sq.ft in 2007, followed by a rise to Rs 3,500 per sq.ft in 2012. However, it then decreased to Rs 2,345 per sq.ft in 2017. The value increased significantly to Rs 3,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,900 per sq.ft.

Between these revisions, the changes were notable. From 2003 to 2007, the value increased by 380%. The value then decreased by 33% from 2012 to 2017. Subsequently, it rose by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. The overall change from 2003 to 2024 reflects an increase of 680%.

Guideline values in Kottivakkam

In Kottivakkam, the guideline values vary across 284 streets, with figures 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 the same as the 2024 figure for D.E.D 8th Street.

• D.E.D 7th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 9th street: Rs 3,900 per sq.ft (2024)
• D.E.D 6th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 5th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 4th Street: Rs 3,900 per sq.ft (2024)
• D.E.D 3rd Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in D.E.D 8th 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, bringing the total fees to 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.

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

Which Sub Registrar Office covers D.E.D 8th Street?

The Sub Registrar Office that covers D.E.D 8th Street is 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 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 applicable to the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the necessary fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of D.E.D 8th Street?

The current guideline value of D.E.D 8th 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 a decrease noted in previous revisions.

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 figure for D.E.D 8th Street.

What are the stamp duty and registration fees for properties in D.E.D 8th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000, resulting in a stamp duty of Rs 2,73,000 and a registration fee of Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for D.E.D 8th Street?

The Adayar Sub Registrar Office handles the registration for D.E.D 8th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.