Guideline Value for DREAM VILLA GARDEN PHASE II

Dream Villa Garden Phase II guideline value

The current guideline value of Dream Villa Garden Phase II is Rs 1,941 per sq.ft. This property is located in Asthinapuram village, under the Thiruporur SRO, and falls under the Residential Class III Type - I land classification.

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

According to the guideline value register, there have been no recorded figures for Dream Villa Garden Phase II in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,941 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the same value as the previous year, with a change of +0% from 2023 to 2024. This consistency in the guideline value suggests stability for this property.

Guideline values in Asthinapuram

Asthinapuram village has a total of 32 streets under the Thiruporur SRO, with the 2024 guideline values ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 1,614 per sq.ft, placing Dream Villa Garden Phase II above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,941 per sq.ft, the total guideline value would be Rs 19,41,000. The stamp duty at 7% would amount to Rs 1,35,870, and the registration fee at 2% would be Rs 38,820, bringing the total to Rs 1,74,690. 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 detailed calculations.

Which Sub Registrar Office covers Dream Villa Garden Phase II?

The Sub Registrar Office that covers Dream Villa Garden Phase II 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 information.

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 government receives appropriate revenue from stamp duties.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

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

The current guideline value of Dream Villa Garden Phase II is Rs 1,941 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 II has remained consistent at Rs 1,941 per sq.ft from 2023 to 2024, with no figures recorded in revisions from 2002 to 2017.

What is the median guideline value in Asthinapuram?

The median guideline value in Asthinapuram is Rs 1,614 per sq.ft, with Dream Villa Garden Phase II being above this median value.

What are the stamp duty and registration fees for a property in Dream Villa Garden Phase II?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,74,690, based on the current guideline value of Rs 19,41,000.

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.