Guideline Value for DOCTOR TOWNSHIP PART-IX

Doctor Township Part-IX guideline value

The current guideline value of Doctor Township Part-IX is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO, classified as Residential Special Type - III.

How the guideline value of Doctor Township Part-IX has changed

Looking at the revisions over the years, the guideline value for Doctor Township Part-IX was Rs 800 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision saw a significant increase to Rs 536 per sq.ft, which was a 49% rise from the previous 2012 revision, where the value was Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 800 per sq.ft. This stability indicates that the value has not changed despite fluctuations in earlier revisions.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with the median being Rs 800 per sq.ft. Doctor Township Part-IX's 2024 figure aligns with this median.

• Doctor Township Anneux: Rs 800 per sq.ft (2024)
• Doctor Township Part-VII Extn: Rs 800 per sq.ft (2024)
• Doctor Township Phase X: Rs 800 per sq.ft (2024)
• Doctors township phase XI: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VIII: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VI: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor Township Part-IX

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Doctor Township Part-IX?

The Sub Registrar Office that covers Doctor Township Part-IX is 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 details.

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

The guideline value is a crucial factor when registering property in Kavanur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to understand the financial implications of their transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process. It is advisable for buyers to be aware of the current guideline value to ensure they are making informed decisions.

Frequently asked questions

What is the current guideline value of Doctor Township Part-IX?

The current guideline value of Doctor Township Part-IX is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with fluctuations in earlier years. Notably, there was a 49% increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the land classification for Doctor Township Part-IX?

Doctor Township Part-IX is classified as Residential Special Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Gooduvancheri Sub Registrar Office covers Doctor Township Part-IX, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000 at 7%.