Guideline Value for DEENADAYALAN NAGAR 2ND STREET

Deenadayalan Nagar 2nd Street guideline value

The current guideline value of Deenadayalan Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Deenadayalan Nagar 2nd Street has changed

The guideline value for Deenadayalan Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally rose to Rs 988 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial rise of 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is equal to the 2024 figure for Deenadayalan Nagar 2nd Street.

• Deenadayalan Nagar 1st Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 3rd Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 4th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 5th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 6th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 7th Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Deenadayalan Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total cost for stamp duty and registration would be Rs 88,920. It is important to note that the 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 details.

Which Sub Registrar Office covers Deenadayalan Nagar 2nd Street?

The Sub Registrar Office that covers Deenadayalan Nagar 2nd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Deenadayalan Nagar 2nd Street?

The current guideline value of Deenadayalan Nagar 2nd Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the other streets in Thandurai with the same guideline value?

Other streets in Thandurai with the same guideline value of Rs 988 per sq.ft include Deenadayalan Nagar 1st Street, 3rd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles property registrations for Deenadayalan Nagar 2nd Street?

The Avadi Sub Registrar Office handles property registrations for Deenadayalan Nagar 2nd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.