Guideline Value for DEFANCE ENCLAVE

Defance Enclave guideline value

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

How the guideline value of Defance Enclave has changed

Since the 2012 revision, the guideline value for Defance Enclave has seen several changes. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 400 per sq.ft, and the most recent 2024 revision increased it significantly to Rs 802 per sq.ft, marking a 101% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Mukthapudupattu

In Mukthapudupattu, there are 37 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft. The median value is Rs 802 per sq.ft, which is equal to the current guideline value for Defance Enclave.

• Defance Colony: 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 Enclave

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, making the total fees Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Defance Enclave?

The Sub Registrar Office that covers Defance Enclave 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 when buying or selling property in Mukthapudupattu. It determines the minimum value at which a property can be registered, ensuring that the sale price is reflective of the area's market conditions.

When registering a property, 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 transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Defance Enclave?

The current guideline value of Defance Enclave is Rs 802 per sq.ft, 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 notable changes in 2017 and 2023 as well.

What is the land classification of Defance Enclave?

Defance Enclave is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 8,02,000, the stamp duty would be Rs 56,140 and the registration fee would be Rs 16,040, totaling Rs 72,180.

Which office handles the registration for Defance Enclave?

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