Guideline Value

Corporate

Guideline Value for DOLLAR COUNTY PHASE 1

₹500/sq.ft.

The guideline value for Dollar County Phase 1 in Kovilkuppam village (Manavalanagar SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilkuppam

Village

Manavalanagar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Dollar County Phase 1 guideline value

The current guideline value of Dollar County Phase 1 is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Kovilkuppam village under the Manavalanagar SRO and is classified as Residential Class I Type - I.

How the guideline value of Dollar County Phase 1 has changed

Over the years, the guideline value of Dollar County Phase 1 has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. This was followed by a significant increase to Rs 500 per sq.ft in the 2023 revision, where it has remained for the 2024 revision as well, showing no change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, comparing the values from 2012 to 2024, there has been no change, maintaining the current rate at Rs 500 per sq.ft.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO, with guideline values ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Dollar County Phase 1 above this median.

Stamp duty and registration fee for property in Dollar County Phase 1

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Please 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 Dollar County Phase 1?

The Sub Registrar Office that covers Dollar County Phase 1 is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Kovilkuppam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dollar County Phase 1?

The current guideline value of Dollar County Phase 1 is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, remaining the same for 2024. Overall, from 2012 to 2024, there has been no change.

What is the land classification for Dollar County Phase 1?

Dollar County Phase 1 is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Dollar County Phase 1?

The Manavalanagar Sub Registrar Office, which covers Dollar County Phase 1, is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilkuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, on a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.