Guideline Value for DOCTOR AVENUE

Doctor Avenue guideline value

The current guideline value of Doctor Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Doctor Avenue has changed

In the 2017 revision, the guideline value for Doctor Avenue was Rs 550 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 550 per sq.ft. The most recent 2024 revision has kept the guideline value at Rs 550 per sq.ft, showing no percentage change from the previous years.

It is important to note that the register has no figures for Doctor Avenue for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from the revisions in 2017, 2023, and 2024, all maintaining the same value.

Guideline values in Athur A Block

Athur A Block has 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, indicating that Doctor Avenue's 2024 figure is below this median.

• Cynosure Extension Phase - V: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - IV: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - III: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - II: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - I: Rs 900 per sq.ft (2024)
• En Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor Avenue

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Doctor Avenue?

The Sub Registrar Office that covers Doctor Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Athur A Block

The guideline value plays a crucial role when buying or selling property in Athur A Block, as it determines the minimum value at which the property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. The registration process relies heavily on this value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Doctor Avenue?

The current guideline value of Doctor Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Doctor Avenue has remained unchanged at Rs 550 per sq.ft since the 2017 revision through to the 2024 revision, showing no percentage change.

What are the other streets in Athur A Block?

Other streets in Athur A Block include Cynosure Extension Phase - I to V and En Garden, with guideline values ranging from Rs 600 to Rs 900 per sq.ft in 2024.

What fees are associated with buying property in Doctor Avenue?

When buying property in Doctor Avenue, the buyer should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Doctor Avenue located?

The Chengleput Joint II Sub Registrar Office, which covers Doctor Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.