Guideline Value for DOCTOR TOWNSHIP PART-VII EXTN

Doctor Township Part-VII Extn guideline value

The current guideline value of Doctor Township Part-VII Extn is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this property is Residential Special Type - III.

How the guideline value of Doctor Township Part-VII Extn has changed

The guideline value for Doctor Township Part-VII Extn has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a significant increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, marking a 49% increase. However, from 2023 to 2024, there was no change, keeping the value steady at Rs 800 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 800 per sq.ft.

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 a median value of Rs 800 per sq.ft. Doctor Township Part-VII Extn's 2024 guideline value aligns with this median.

• Doctor Township Part-IX: Rs 800 per sq.ft (2024)
• Doctor Township Anneux: 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-VII Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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, resulting in a total of Rs 72,000. It is important to note that 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-VII Extn?

The Sub Registrar Office that covers Doctor Township Part-VII Extn 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 plays a crucial role in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Doctor Township Part-VII Extn 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 a significant increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What are the other streets in Kavanur with the same guideline value?

Other streets in Kavanur with a guideline value of Rs 800 per sq.ft include Doctor Township Part-IX, Doctor Township Anneux, Doctor Township Phase X, Doctors Township Phase XI, Doctor's Township Part-VIII, and Doctor's Township Part-VI.

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

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

How is the stamp duty calculated for properties in Kavanur?

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