Guideline Value for DAWN VILLAS-II

Dawn Villas-II guideline value

The current guideline value of Dawn Villas-II is Rs 1,550 per sq.ft. This property is located in Ponmar village, under the Gooduvancheri SRO, and falls under the land classification of Mixed Special Type - II.

How the guideline value of Dawn Villas-II has changed

The guideline value for Dawn Villas-II has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,550 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 1,038 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,550 per sq.ft again, reflecting a 49% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,550 per sq.ft. The register does not provide figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific guideline values provided for other streets in Ponmar. The guideline value for Dawn Villas-II stands at Rs 1,550 per sq.ft, which is the only figure available for this area.

Stamp duty and registration fee for property in Dawn Villas-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, while the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dawn Villas-II?

The Dawn Villas-II property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, 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 Ponmar

The guideline value plays a crucial role during the registration process when buying or selling property in Ponmar. It is used to determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented accurately, reflecting the official value of the property as recognized by the state. This is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Dawn Villas-II?

The current guideline value of Dawn Villas-II is Rs 1,550 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,550 per sq.ft in 2012 to Rs 1,038 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,550 per sq.ft in the 2023 revision, resulting in an overall change of 0% from 2012 to 2023.

What are the stamp duty and registration fees for a property in Dawn Villas-II?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 15,50,000. The stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500 for these fees.

Which office handles registrations for Dawn Villas-II?

The Gooduvancheri Sub Registrar Office handles registrations for Dawn Villas-II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no specific guideline values provided for other streets in Ponmar. The only available guideline value is for Dawn Villas-II at Rs 1,550 per sq.ft.