Guideline Value for DREAM VILLA GARDEN PHASE III

Dream Villa Garden Phase III guideline value

The current guideline value of Dream Villa Garden Phase III is Rs 1,614 per sq.ft. This property is located in Asthinapuram village under the Thiruporur SRO, with a land classification of Mixed Special Type - III.

How the guideline value of Dream Villa Garden Phase III has changed

The guideline value register has no figures for Dream Villa Garden Phase III for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,614 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,614 per sq.ft, reflecting a change of +0% from the previous year.

Thus, the guideline value has remained stable at Rs 1,614 per sq.ft from 2023 to 2024, indicating consistency in the valuation for this property over the last two years.

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. The median value for these streets is Rs 1,614 per sq.ft, which is equal to the guideline value of Dream Villa Garden Phase III.

• Dream Villa Garden Phase-IV: Rs 1,941 per sq.ft (2024)
• Dream Villa Garden Phase II: Rs 1,941 per sq.ft (2024)
• Dream Villa Garden Phase I: Rs 1,614 per sq.ft (2024)
• Dream Villa Garden Phase V: Rs 1,941 per sq.ft (2024)
• Dream Villa Garden Extension- V: Rs 1,300 per sq.ft (2024)
• Dream Villa Garden Phase-VI: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dream Villa Garden Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value would be Rs 16,14,000. The stamp duty at 7% would amount to Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, bringing the total cost for these fees to Rs 1,45,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dream Villa Garden Phase III?

The Sub Registrar Office that covers Dream Villa Garden Phase III is the Thiruporur Sub Registrar Office, 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 properties must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value for Dream Villa Garden Phase III?

The current guideline value for Dream Villa Garden Phase III is Rs 1,614 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dream Villa Garden Phase III has remained unchanged at Rs 1,614 per sq.ft from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 1,614 per sq.ft, the total guideline value is Rs 16,14,000. The stamp duty would be Rs 1,12,980, and the registration fee would be Rs 32,280, totaling Rs 1,45,260.

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.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for property transactions, ensuring that the appropriate stamp duty and registration fees are collected. It is based on the higher of the guideline value or the sale price.