Guideline Value for DOCTORS EDEN PHASE - II

Doctors Eden Phase - II guideline value

The current guideline value for Doctors Eden Phase - II is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Kalavakkam village under the Thiruporur SRO and is classified as Commercial Class I Type - II.

How the guideline value of Doctors Eden Phase - II has changed

The guideline value for Doctors Eden Phase - II has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,800 per sq.ft. The 2024 revision introduced a new value of Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Kalavakkam

In Kalavakkam, there are 27 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 1,816 to Rs 4,250 per sq.ft, with a median value of Rs 2,463 per sq.ft. The guideline value for Doctors Eden Phase - II is below this median.

• Doctor Eden: Rs 2,463 per sq.ft (2024)
• Happinest: Rs 2,873 per sq.ft (2024)
• Happinest Phase II: Rs 1,925 per sq.ft (2024)
• Happinest Phase III: Rs 2,873 per sq.ft (2024)
• Happinest Phase IV: Rs 2,873 per sq.ft (2024)
• Happinest Phase V: Rs 2,873 per sq.ft (2024)

Stamp duty and registration fee for property in Doctors Eden Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. 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 Doctors Eden Phase - II?

Doctors Eden Phase - II falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kalavakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can significantly impact the total expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Doctors Eden Phase - II?

The current guideline value of Doctors Eden Phase - II is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,800 per sq.ft from 2017 until 2023, before increasing to Rs 1,980 per sq.ft in 2024, marking a 10% increase.

What is the land classification of Doctors Eden Phase - II?

Doctors Eden Phase - II is classified as Commercial Class I Type - II under the current guidelines.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.