Guideline Value for DOCTORS RAINBOW SPRING

Doctors Rainbow Spring guideline value

The current guideline value of Doctors Rainbow Spring in Kalivanthapattu village, under the Thiruporur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Doctors Rainbow Spring has changed

The guideline value for Doctors Rainbow Spring has remained consistent over recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which did not change in the 2024 revision, reflecting a 0% change.

Thus, the guideline value has been Rs 600 per sq.ft for both the 2023 and 2024 revisions. This consistency indicates stability in the valuation for this property type in the area.

Guideline values in Kalivanthapattu

In Kalivanthapattu, there are 19 streets under the Thiruporur SRO that carry a 2024 guideline value, with figures ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 605 per sq.ft, making the guideline value for Doctors Rainbow Spring below this median.

• Dvac Staff Co-Operative Housing Society: Rs 600 per sq.ft (2024)
• Galaxy Form: Rs 300 per sq.ft (2024)
• Green Spot: Rs 896 per sq.ft (2024)
• Baba Enclave: Rs 800 per sq.ft (2024)
• Sri Aishwaryam Nagar: Rs 896 per sq.ft (2024)
• Sri Krishna Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in Doctors Rainbow Spring

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Doctors Rainbow Spring?

The Doctors Rainbow Spring area is covered by 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 Kalivanthapattu

The guideline value is a critical factor in property transactions within Kalivanthapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Doctors Rainbow Spring?

The current guideline value of Doctors Rainbow Spring is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Doctors Rainbow Spring?

The land classification for Doctors Rainbow Spring is Residential Special Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. Fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Doctors Rainbow Spring located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone, covering the Doctors Rainbow Spring area.