Guideline Value for DOCTORS CHENNAPATNAM

Doctors Chennapatnam guideline value

The current guideline value of Doctors Chennapatnam is Rs 4,269 per sq.ft, effective from 1 July 2024. This area is located in Tharapakkam village, under the Pammal SRO, and is classified as Residential Class I Type - III.

How the guideline value of Doctors Chennapatnam has changed

In the 2017 revision, the guideline value was Rs 2,600 per sq.ft, and this figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased significantly to Rs 4,269 per sq.ft, marking a 64% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Doctors Chennapatnam's 2024 figure above this median.

• C.P. Garden: Rs 990 per sq.ft (2024)
• E.V.P Town: Rs 1,100 per sq.ft (2024)
• Evp Town Phase - II: Rs 3,450 per sq.ft (2024)
• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Doctors Chennapatnam

For a 1,000 sq.ft plot at the current guideline value of Rs 4,269 per sq.ft, the total guideline value would be Rs 42,69,000. The stamp duty at 7% would be Rs 2,98,830, and the registration fee at 2% would be Rs 85,380, resulting in a total of Rs 3,84,210. It is important to note that the 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 more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Doctors Chennapatnam?

The Sub Registrar Office that covers Doctors Chennapatnam is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial reference point during the registration of property transactions in Tharapakkam. It is used to determine the stamp duty and registration fees that must be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in establishing a legal framework for the transaction, protecting both parties involved. It is essential to understand that the guideline value may differ from the market price, but it is the figure used for official documentation and tax calculations.

Frequently asked questions

What is the current guideline value of Doctors Chennapatnam?

The current guideline value of Doctors Chennapatnam is Rs 4,269 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,600 per sq.ft in 2017 to Rs 2,600 per sq.ft in 2023, and then to Rs 4,269 per sq.ft in 2024, marking a 64% rise from 2023 to 2024.

What is the land classification of Doctors Chennapatnam?

Doctors Chennapatnam is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Doctors Chennapatnam?

The Sub Registrar Office for Doctors Chennapatnam is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Doctors Chennapatnam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 42,69,000, leading to a stamp duty of Rs 2,98,830.