Guideline Value for DREAM VILLA GARDEN EXTENSION

Dream Villa Garden Extension guideline value

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

How the guideline value of Dream Villa Garden Extension has changed

The guideline value for Dream Villa Garden Extension has remained consistent at Rs 1,300 per sq.ft since the 2023 revision. The 2024 revision also reflects this same rate, indicating no change from the previous year.

Prior to the 2023 revision, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2023 and 2024, both at Rs 1,300 per sq.ft, showing a change of +0% between these revisions.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO 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. The guideline value for Dream Villa Garden Extension is below this median.

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

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

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, and the registration fee at 2% would be Rs 26,000, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dream Villa Garden Extension?

The Thiruporur Sub Registrar Office covers Dream Villa Garden Extension, 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 is a crucial factor during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be referred to, and the applicable fees will be calculated based on this value or the sale price, whichever is higher. This ensures a standardized approach to property transactions in the area.

Frequently asked questions

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

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

What are the guideline values of other streets in Asthinapuram?

In Asthinapuram, other streets have varying guideline values. For example, Dream Villa Garden has a guideline value of Rs 1,941 per sq.ft, while several extensions of Dream Villa Garden, including Dream Villa Garden Extension I, II, III, IV, and V, all have a guideline value of Rs 1,300 per sq.ft.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office located for Dream Villa Garden Extension?

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