Guideline Value for Daniel Street

Daniel Street guideline value

The current guideline value of Daniel Street, located in Adambakkam village under the Alandur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Daniel Street has changed

Since the 2002 revision, the guideline value for Daniel Street has seen significant changes. The 2002 revision recorded a value of Rs 276 per sq.ft, which increased to Rs 315 per sq.ft in 2003. The value then rose to Rs 900 per sq.ft in 2007, followed by a substantial jump to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as per the 2024 revision. There are no figures available for the years not mentioned in the register.

Between the revisions, notable changes include an increase of 14% from 2002 to 2003, followed by a rise of 186% from 2003 to 2007. The value saw a remarkable increase of 289% from 2007 to 2012, but then a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023 and has risen by 11% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1,313%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current figure for Daniel Street.

• Co-operative Nagar: Rs 5,000 per sq.ft (2024)
• Devaraja Puram: Rs 3,900 per sq.ft (2024)
• Citylink Road: Rs 5,500 per sq.ft (2024)
• Dhamodaran Street: Rs 2,800 per sq.ft (2024)
• Chidambaranar Street: Rs 3,900 per sq.ft (2024)
• Chidambaranar 2nd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Daniel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Daniel Street?

The Sub Registrar Office that covers Daniel Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Daniel Street?

The current guideline value of Daniel Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 276 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, with various increases and decreases over the years.

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam with similar guideline values include Devaraja Puram, Chidambaranar Street, and Chidambaranar 2nd Cross Street, all currently valued at Rs 3,900 per sq.ft.

What is the stamp duty rate for properties in Daniel Street?

The stamp duty rate for properties in Daniel Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Daniel Street?

The Sub Registrar Office for Daniel Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.