Guideline Value for Desia Nagar 4th street

Desia Nagar 4th street guideline value

The current guideline value of Desia Nagar 4th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Desia Nagar 4th street has changed

The guideline value for Desia Nagar 4th street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent figures show that in 2023, the guideline value was Rs 1,200 per sq.ft, which then increased to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. It is important to note that there are no recorded figures for Desia Nagar 4th street in the 2002 and 2003 revisions.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, making the 2024 figure for Desia Nagar 4th street below the median.

• Desia Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 6th street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Desia Nagar Main Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Desia Nagar 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Desia Nagar 4th street?

The Sub Registrar Office that covers Desia Nagar 4th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When a property is sold, 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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Desia Nagar 4th street?

The current guideline value of Desia Nagar 4th street is Rs 1,300 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 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What are the stamp duty and registration fees for property in Desia Nagar 4th street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Desia Nagar 4th street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, covers Desia Nagar 4th street.

What is the land classification for Desia Nagar 4th street?

Desia Nagar 4th street is classified as Residential Class II Type - I under the guideline value register.