Guideline Value for Desia Nagar 6th street

Desia Nagar 6th street guideline value

The current guideline value of Desia Nagar 6th 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 is classified as Residential Class II Type - I.

How the guideline value of Desia Nagar 6th street has changed

The guideline value for Desia Nagar 6th street has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 600 per sq.ft. This was followed by a significant increase to Rs 1,200 per sq.ft in 2012, but it then dropped to Rs 804 per sq.ft in 2017. The value rose sharply again to Rs 1,200 per sq.ft in 2023, and most recently, it has increased to Rs 1,300 per sq.ft in 2024, reflecting an 8% rise from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The earlier revision from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was notable at 100%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Desia Nagar 6th street is below this median.

• Desia Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Desia Nagar Main Street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Desia Nagar 1st street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Desia Nagar 6th 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 at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Desia Nagar 6th street?

The Sub Registrar Office that covers Desia Nagar 6th 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 during the registration of property transactions in Tondaiarpet. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is used by the registration authorities to determine the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Desia Nagar 6th street?

The current guideline value of Desia Nagar 6th 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, with various revisions in between, including a drop and subsequent increases.

What is the land classification for Desia Nagar 6th street?

Desia Nagar 6th street is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Desia Nagar 6th street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 91,000.