Guideline Value for DEFANCE COLONY

Defance Colony guideline value

The current guideline value of Defance Colony, located in Thandurai village under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Defance Colony has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 536 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, representing a 49% increase from the 2017 figure. The guideline value has remained at Rs 800 per sq.ft from 2023 to the 2024 revision, showing no change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no net change, remaining at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets that have a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Defance Colony's 2024 guideline value is below this median.

• Deenadayalan Nagar 7th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 6th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 5th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 4th Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 3rd Street: Rs 988 per sq.ft (2024)
• Deenadayalan Nagar 2nd Street: Rs 988 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, 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, 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 is a crucial factor in the registration of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Defance Colony?

The current guideline value of Defance Colony is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Defance Colony has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 800 per sq.ft in 2012, reduced to Rs 536 per sq.ft in 2017, then increased back to Rs 800 per sq.ft in 2023, and remains the same in 2024.

What is the land classification for Defance Colony?

The land classification for Defance Colony is Residential Class II Type - II.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Defance Colony?

The Avadi Sub Registrar Office is responsible for property registrations in Defance Colony, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.