Guideline Value for DOCTOR VIJAY AVENUE

Doctor Vijay Avenue guideline value

The current guideline value of Doctor Vijay Avenue is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Doctor Vijay Avenue has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This was a significant increase from the previous revision, which has no figure available for this street. The most recent revision in 2023 saw the guideline value rise to Rs 1,500 per sq.ft, marking an increase of 49% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Doctor Vijay Avenue. The only documented changes are between the 2017 and 2023 revisions.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Doctor Vijay Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Doctor Vijay Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Doctor Vijay Avenue?

The Sub Registrar Office that covers Doctor Vijay Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ponmar. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official valuation set by the Registration Department. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Doctor Vijay Avenue?

The current guideline value of Doctor Vijay Avenue is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What are the stamp duty and registration fees for property in Doctor Vijay Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 15,00,000. The stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for Doctor Vijay Avenue?

The Gooduvancheri Sub Registrar Office handles the registration for Doctor Vijay Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for ensuring that the transaction is recorded at an official valuation set by the Registration Department.