Guideline Value for DREAM VILLA GARDEN PHASE I

Dream Villa Garden Phase I guideline value

The current guideline value of Dream Villa Garden Phase I is Rs 1,614 per sq.ft. This property is located in Asthinapuram village, under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Mixed Special Type - III.

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

The guideline value for Dream Villa Garden Phase I has remained consistent over recent years. The register shows no figures for the revisions in 2002, 2003, 2007, 2012, and 2017. For the 2023 revision, the guideline value was Rs 1,614 per sq.ft, which is the same as the current figure for the 2024 revision, effective from 1 July 2024.

Between the 2023 and 2024 revisions, there was no change, with a percentage increase of +0%. This stability indicates that the guideline value has not fluctuated in this period.

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 is Rs 1,614 per sq.ft, which is the same as the guideline value for Dream Villa Garden Phase I.

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

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

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 be Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, bringing the total 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 more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dream Villa Garden Phase I?

Dream Villa Garden Phase I falls under 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 is an essential factor in property transactions in Asthinapuram, as it determines the minimum price at which a property can be registered. When you buy or sell a property, the registration fees and stamp duty are calculated based on this guideline value.

It is crucial for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of the transaction. Ensuring that the sale price meets or exceeds the guideline value is necessary for a smooth registration process.

Frequently asked questions

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

The current guideline value for Dream Villa Garden Phase I 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 I has remained stable at Rs 1,614 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002 to 2017.

What are the registration fees for properties in Dream Villa Garden Phase I?

The registration fees for properties in Dream Villa Garden Phase I include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Dream Villa Garden Phase I?

The Thiruporur Sub Registrar Office covers Dream Villa Garden Phase I, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the land classification for Dream Villa Garden Phase I?

The land classification for Dream Villa Garden Phase I is Mixed Special Type - III, indicating the type of development allowed in this area.