Guideline Value for DREAM VILLA GARDEN EXTENSION IV

Dream Villa Garden Extension IV guideline value

The current guideline value of Dream Villa Garden Extension IV is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Asthinapuram village under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

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

According to the register, there have been several revisions for the guideline value of Dream Villa Garden Extension IV. The most recent revision in 2024 maintains the guideline value at Rs 1,300 per sq.ft, which is the same as the 2023 revision. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,300 per sq.ft. This consistency indicates stability in the valuation for this property over the past two years.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets that carry a 2024 guideline value, ranging from Rs 600 to Rs 3,300 per sq.ft, with a median value of Rs 1,614 per sq.ft. Dream Villa Garden Extension IV's guideline value is below this median, indicating its position within the local market.

• Dream Villa Garden Extension III: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension- V: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension II: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Extension I: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Phase I: Rs 1,614 per sq.ft (2024)
• Dream Villa Garden Extension: Rs 1,300 per sq.ft (2024)

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

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 is calculated at 7%, which totals Rs 91,000, and the registration fee is 2%, amounting to Rs 26,000. Together, the total cost for these fees is Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dream Villa Garden Extension IV?

The Thiruporur Sub Registrar Office covers Dream Villa Garden Extension IV. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Asthinapuram?

The median guideline value in Asthinapuram is Rs 1,614 per sq.ft for the year 2024. Dream Villa Garden Extension IV's value is below this median.

What are the stamp duty and registration fees for property in Dream Villa Garden Extension IV?

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles registrations for properties in the area, including Dream Villa Garden Extension IV.