Guideline Value for Defence Colony 9th Cross Street

Defence Colony 9th Cross Street guideline value

The current guideline value of Defence Colony 9th Cross Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Defence Colony 9th Cross Street has changed

The guideline value for Defence Colony 9th Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 328 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft. The value remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 357%.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,500 per sq.ft, which is equal to the current value of Defence Colony 9th Cross Street.

• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 1to 8 Streets: Rs 1,500 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Cowsiya Colony: Rs 1,500 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,200 per sq.ft (2024)
• Dhanalakshmi Nagar Extn.: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Defence Colony 9th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Please 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 Defence Colony 9th Cross Street?

The Defence Colony 9th Cross Street falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Defence Colony 9th Cross Street?

The current guideline value of Defence Colony 9th Cross Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions, with the most recent being Rs 1,500 per sq.ft in both 2023 and 2024. The value was Rs 1,005 per sq.ft in 2017 and Rs 328 per sq.ft in 2007.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Defence Colony 9th Cross Street?

The Gooduvancheri Sub Registrar Office handles registrations for Defence Colony 9th Cross Street, located near the Veterinary Hospital in Nandhivaram.

How is the guideline value determined for properties in Nandhivaram?

The guideline value is determined based on various factors, including the location and classification of the property. It serves as a benchmark for calculating stamp duty and registration fees during property transactions.