Guideline Value for DOCTORS COURTYARD JEEVANA

Doctors Courtyard Jeevana guideline value

The current guideline value of Doctors Courtyard Jeevana is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Kondamangalam village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Doctors Courtyard Jeevana has changed

Over the years, the guideline value for Doctors Courtyard Jeevana has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 603 per sq.ft, marking a decrease of 33% from the 2012 figure. The 2023 revision also maintained the value at Rs 900 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 900 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained steady at Rs 900 per sq.ft, indicating stability in this period.

Guideline values in Kondamangalam

In addition to Doctors Courtyard Jeevana, other streets in Kondamangalam are also subject to guideline values. The street currently has no specific village figures available. Below are the guideline values for other streets in Kondamangalam:

• Varadapirya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Doctors Courtyard Jeevana

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Doctors Courtyard Jeevana?

The Chengleput Joint II Sub Registrar Office covers Doctors Courtyard Jeevana. The office is 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 Kondamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Kondamangalam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it directly impacts the overall costs associated with the registration. Buyers and sellers should consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Doctors Courtyard Jeevana?

The current guideline value of Doctors Courtyard Jeevana is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since 2012, with a notable increase of 49% from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023.

What is the registration fee for property in Doctors Courtyard Jeevana?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 9,00,000, the registration fee would be Rs 18,000.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kondamangalam?

Stamp duty is charged at 7% on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 9,00,000 would incur a stamp duty of Rs 63,000.