Guideline Value for DOSHI FIRSTNEST

Doshi Firstnest guideline value

The current guideline value of Doshi Firstnest is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Thirumudivakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Doshi Firstnest has changed

The guideline value for Doshi Firstnest has seen several revisions over the years. In 2017, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes observed between the revisions are a 49% increase from 2017 to 2023, and the overall increase from 2017 to 2024 reflects the upward trend in the guideline value.

Guideline values in Thirumudivakkam

Thirumudivakkam has a range of guideline values across its 56 streets under the Padappai SRO, with values ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, placing Doshi Firstnest at this median value.

• Farm Land Layout: Rs 1,320 per sq.ft (2024)
• Casa Grand Bloom-III: Rs 2,150 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,320 per sq.ft (2024)
• Ganga Nagar: Rs 880 per sq.ft (2024)
• Harish Nagar Annex: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Doshi Firstnest

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Doshi Firstnest?

The Doshi Firstnest property falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumudivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value is used to determine the applicable fees, which are essential for the legal transfer of property ownership. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Doshi Firstnest?

The current guideline value of Doshi Firstnest is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for Doshi Firstnest?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Doshi Firstnest?

Doshi Firstnest is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Doshi Firstnest?

Doshi Firstnest is classified as Residential Special Type - I, indicating its designated use for residential purposes.