Guideline Value for DANIEL STREET

Daniel Street guideline value

The current guideline value of Daniel Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Special Type - II.

How the guideline value of Daniel Street has changed

The guideline value for Daniel Street has undergone several revisions over the years. In 2002, the value was Rs 1,261 per sq.ft. This increased to Rs 1,400 per sq.ft in 2003, marking an 11% rise. The value further rose to Rs 2,000 per sq.ft in 2007, reflecting a 43% increase. By 2012, the value reached Rs 9,000 per sq.ft, a significant jump of 350%. However, it decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. In 2023, the value increased to Rs 9,000 per sq.ft, and the latest revision in 2024 set it at Rs 9,900 per sq.ft, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 685%. The register has no figures for the years not mentioned above.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Daniel Street's 2024 figure below that median.

• Damodara Reddy Street: Rs 11,000 per sq.ft (2024)
• Deenadayalu Street: Rs 11,000 per sq.ft (2024)
• Cresent Park Road: Rs 9,900 per sq.ft (2024)
• Crescent Road (North): Rs 8,300 per sq.ft (2024)
• Crescent Road (East): Rs 8,300 per sq.ft (2024)
• Crescent Park Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Daniel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total fees to Rs 8,91,000. 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 information.

Which Sub Registrar Office covers Daniel Street?

The Sub Registrar Office that covers Daniel Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Tnagar. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for the transaction. It is essential for both parties to understand that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are paid to the government.

Frequently asked questions

What is the current guideline value of Daniel Street?

The current guideline value of Daniel Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,261 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 685%.

What is the land classification of Daniel Street?

Daniel Street is classified as Residential Special Type - II under the Thiyagaraya nagar SRO.

What are the stamp duty and registration fees for properties on Daniel Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 99,00,000, resulting in a stamp duty of Rs 6,93,000 and a registration fee of Rs 1,98,000, totaling Rs 8,91,000.

Where is the Sub Registrar Office for Daniel Street located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.