Guideline Value for DEFANCE COLONY

Defance Colony guideline value

The current guideline value of Defance Colony, located in Mukthapudupattu village under the Avadi SRO, is Rs 802 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Defance Colony has changed

The guideline value for Defance Colony has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value remained unchanged at Rs 400 per sq.ft in 2023. The most recent revision in 2024 has increased the guideline value significantly to Rs 802 per sq.ft, marking a 101% increase from the previous year.

In summary, the guideline value has changed from Rs 600 in 2012 to Rs 802 in 2024, resulting in an overall increase of 34%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

Mukthapudupattu village has 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with the median being Rs 802 per sq.ft. The guideline value for Defance Colony matches this median.

• Defance Enclave: Rs 802 per sq.ft (2024)
• Cross St: Rs 804 per sq.ft (2024)
• Earikarai St: Rs 800 per sq.ft (2024)
• Elayathamman Koil St: Rs 802 per sq.ft (2024)
• Ellaiyamman Nagar: Rs 802 per sq.ft (2024)
• Bharathi Nagar (Lay Out): Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Defance Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, and the registration fee at 2% would be Rs 16,040. Together, the total cost for stamp duty and registration fees would be Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Defance Colony?

The Sub Registrar Office that covers Defance Colony is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Defance Colony?

The current guideline value of Defance Colony is Rs 802 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 802 per sq.ft in 2024, with various revisions in between, including Rs 402 in 2017 and Rs 400 in 2023.

What are the stamp duty and registration fees for property in Defance Colony?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 56,140 and the registration fee would be Rs 16,040, making a total of Rs 72,180.

Which Sub Registrar Office covers Defance Colony?

The Avadi Sub Registrar Office covers Defance Colony, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Defance Colony?

Defance Colony falls under the Residential Class II Type - II land classification as per the guidelines.