Guideline Value for Daniel Street

Daniel Street guideline value

The current guideline value of Daniel Street, located in Tambaram village under the Tambaram Joint 1 SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Daniel Street has changed

Over the years, the guideline value of Daniel Street has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and finally, it has risen to Rs 4,400 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

The changes between revisions show a 10% increase from 2023 to 2024, a substantial 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Daniel Street above this median.

• CTO Colony 5th St: Rs 3,300 per sq.ft (2024)
• CTO Colony 4th St: Rs 3,300 per sq.ft (2024)
• CTO Colony 4th extn: Rs 3,300 per sq.ft (2024)
• CTO Colony 3rd St: Rs 3,300 per sq.ft (2024)
• CTO Colony 2nd St: Rs 3,300 per sq.ft (2024)
• CTO Colony 1st St: Rs 3,300 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 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Daniel Street?

Daniel Street falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tambaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Accurate knowledge of these values ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Daniel Street?

The current guideline value of Daniel Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the other streets in Tambaram with their guideline values?

Other streets in Tambaram under the Tambaram Joint 1 SRO include CTO Colony 5th St, CTO Colony 4th St, CTO Colony 4th extn, CTO Colony 3rd St, CTO Colony 2nd St, and CTO Colony 1st St, all valued at Rs 3,300 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000 for these fees.

Which office handles the registration for Daniel Street?

The Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, handles the registration for Daniel Street.