Guideline Value for DEENADAYALAN NAGAR 3RD STREET

Deenadayalan Nagar 3rd Street guideline value

The current guideline value of Deenadayalan Nagar 3rd 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 3rd Street has changed

Since the 2012 revision, the guideline value for Deenadayalan Nagar 3rd Street has seen several changes. 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 then to Rs 988 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase, indicating a gradual adjustment in the guideline value over the years.

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 for these streets is Rs 988 per sq.ft, which is equal to the 2024 figure for Deenadayalan Nagar 3rd Street.

• Deenadayalan Nagar 2nd Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 4th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these fees 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 precise calculations.

Which Sub Registrar Office covers Deenadayalan Nagar 3rd Street?

The Sub Registrar Office that covers Deenadayalan Nagar 3rd 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Deenadayalan Nagar 3rd Street?

The current guideline value of Deenadayalan Nagar 3rd 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 stamp duty and registration fees for properties 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 Sub Registrar Office handles registrations for this street?

The Avadi Sub Registrar Office handles registrations for Deenadayalan Nagar 3rd Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined in Thandurai?

The guideline value in Thandurai is determined by the Registration Department's guideline value register, which considers various factors and is revised periodically to reflect changes in property values.