Guideline Value for DREAM VILLA GARDEN EXTENSION II

Dream Villa Garden Extension II guideline value

The current guideline value of Dream Villa Garden Extension II, located in Asthinapuram village under the Thiruporur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of Dream Villa Garden Extension II has changed

According to the register, the guideline value for Dream Villa Garden Extension II has remained consistent at Rs 1,300 per sq.ft since the 2023 revision. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value was set at Rs 1,300 per sq.ft, reflecting no change from the previous year's figure. This indicates a stable valuation for the property over the last two years.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft, with a median of Rs 1,614 per sq.ft. Dream Villa Garden Extension II's 2024 figure is below this median, indicating a competitive pricing structure.

• Dream Villa Garden Extension III: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension I: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension IV: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension- V: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden: Rs 1,941 per sq.ft (2024)

Stamp duty and registration fee for property in Dream Villa Garden Extension II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. 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 Dream Villa Garden Extension II?

The Dream Villa Garden Extension II falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in property transactions in Asthinapuram. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is used to determine the applicable fees, which are essential for the registration of the property. This ensures that all transactions are recorded accurately and transparently in the official register.

Frequently asked questions

What is the current guideline value of Dream Villa Garden Extension II?

The current guideline value of Dream Villa Garden Extension II is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dream Villa Garden Extension II has remained at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Dream Villa Garden Extension II?

Dream Villa Garden Extension II is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Dream Villa Garden Extension II?

The Thiruporur Sub Registrar Office handles the registration for Dream Villa Garden Extension II, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.