Guideline Value for DOSS AVENUE

Doss Avenue guideline value

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

How the guideline value of Doss Avenue has changed

The guideline value for Doss Avenue has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and in the latest 2024 revision, it rose to Rs 990 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with 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's 2024 figure below that median.

• Doss Avenue 1st Street: Rs 990 per sq.ft (2024)
• Doss Avenue 2nd Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total 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, making the total charges Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Doss Avenue?

Doss Avenue is covered by 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kolathuvancheri. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property registration. This value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Doss Avenue?

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

How has the guideline value of Doss Avenue 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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Doss Avenue?

Doss Avenue is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property transactions in Doss Avenue?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Where can I find the Sub Registrar Office for Doss Avenue?

The Sub Registrar Office covering Doss Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.