Guideline Value for DEENADAYALU STREET

Deenadayalu Street guideline value

The current guideline value of Deenadayalu Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Deenadayalu Street has changed

The guideline value of Deenadayalu Street has seen significant changes over the years. In 2002, the value was Rs 1,367 per sq.ft, which increased to Rs 1,518 per sq.ft in 2003. Following this, the value rose dramatically to Rs 4,000 per sq.ft in 2007, marking an increase of 164%. The value then continued to rise to Rs 10,000 per sq.ft in 2012, a 150% increase from the previous figure. However, it dropped to Rs 6,700 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 705%. There are no figures available for the years between 2017 and 2023 for this street in the register.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which matches the current guideline value of Deenadayalu Street.

• Daniel Street: Rs 9,900 per sq.ft (2024)
• Damodara Reddy 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 Deenadayalu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total costs together to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Deenadayalu Street?

The Sub Registrar Office that covers Deenadayalu 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 information.

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

The guideline value plays a crucial role in the registration of property transactions in Tnagar. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. This ensures that all parties are informed about the costs involved in property transactions within the region.

Frequently asked questions

What is the current guideline value of Deenadayalu Street?

The current guideline value of Deenadayalu Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,367 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 705% over the years.

What is the land classification for Deenadayalu Street?

Deenadayalu Street is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Deenadayalu Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,10,00,000, with stamp duty at 7% amounting to Rs 7,70,000 and a registration fee at 2% of Rs 2,20,000, totaling Rs 9,90,000.

Where is the Thiyagaraya nagar Sub Registrar Office located?

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