Guideline Value for DOSS AVENUE 2ND STREET

Doss Avenue 2nd Street guideline value

The current guideline value of Doss Avenue 2nd Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Doss Avenue 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 603 per sq.ft. However, the value rebounded in the 2023 revision to Rs 900 per sq.ft, before increasing to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The overall change from 2012 to 2024 reflects a 10% increase.

The 2023 to 2024 revision saw a 10% increase, while the 2017 to 2023 revision experienced a significant rise of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

There are 146 streets in Kolathuvancheri under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Doss Avenue 2nd Street's 2024 figure below that median.

• Doss Avenue 1st Street: Rs 990 per sq.ft (2024)
• Doss Avenue: Rs 990 per sq.ft (2024)
• Dhanalakshmi Nagar Annexe: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 1st Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Doss Avenue 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Doss Avenue 2nd Street?

Doss Avenue 2nd Street falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kolathuvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Doss Avenue 2nd Street?

The current guideline value of Doss Avenue 2nd Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Doss Avenue 2nd Street?

Doss Avenue 2nd Street is classified as Residential Class IV Type - II.

Where can I find the registration office for Doss Avenue 2nd Street?

The registration office for Doss Avenue 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for property in Doss Avenue 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 89,100.