Guideline Value for DOLLAR COUNTY PHASE 3

Dollar County Phase 3 guideline value

The current guideline value of Dollar County Phase 3 is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Kovilkuppam village under the Manavalanagar SRO, classified as Residential Class III Type - I.

How the guideline value of Dollar County Phase 3 has changed

The guideline value for Dollar County Phase 3 has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value increased to Rs 201 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision brought the value back to Rs 300 per sq.ft, and the 2024 revision maintained this figure, showing no change from the previous year.

From the 2012 revision to the 2024 revision, the overall change is 0%. Notably, between the 2017 and 2023 revisions, there was a significant increase of 49%. The guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilkuppam

Kovilkuppam village has 68 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, where the median value is Rs 350 per sq.ft. The guideline value for Dollar County Phase 3 is below this median.

• Dollar County Phase 1: Rs 500 per sq.ft (2024)
• D.N.S.nagar Phaase I: Rs 375 per sq.ft (2024)
• D.N.S.nagar: Rs 301 per sq.ft (2024)
• Chinnasamy Avenue: Rs 300 per sq.ft (2024)
• Brittania Nagar: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Dollar County Phase 3

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost to Rs 27,000. It is important to note that 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 details.

Which Sub Registrar Office covers Dollar County Phase 3?

The Dollar County Phase 3 property falls under 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 during property registration in Kovilkuppam. It determines the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to ascertain the applicable fees, ensuring that both parties are aware of the costs involved in the transaction. It is essential to consult the guideline value register to understand the financial implications of buying or selling property in this area.

Frequently asked questions

What is the current guideline value of Dollar County Phase 3?

The current guideline value of Dollar County Phase 3 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing a 0% increase from 2023 to 2024 and a 49% increase from 2017 to 2023.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Manavalanagar Sub Registrar Office located?

The Manavalanagar Sub Registrar Office is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What is the classification of land in Dollar County Phase 3?

The land classification for Dollar County Phase 3 is Residential Class III Type - I.