Guideline Value for DREAM VILLA GARDEN PHASE V

Dream Villa Garden Phase V guideline value

The current guideline value for Dream Villa Garden Phase V is Rs 1,941 per sq.ft. This property is located in Asthinapuram village under the Thiruporur SRO, classified as Residential Class III Type - I.

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

According to the guideline value register, there have been revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,941 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there has been no change in the guideline value, reflecting a stable rate at Rs 1,941 per sq.ft. This consistency indicates that the value has remained unchanged compared to the previous year.

Guideline values in Asthinapuram

In Asthinapuram, there are 32 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,614 per sq.ft, placing Dream Villa Garden Phase V above this median value.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,941 per sq.ft, the total guideline value amounts to Rs 19,41,000. The stamp duty, charged at 7%, would be Rs 1,35,870, while the registration fee at 2% would be Rs 38,820. Together, these fees total 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dream Villa Garden Phase V?

The Dream Villa Garden Phase V is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value helps to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers should be aware of these values to ensure compliance with the registration process.

Frequently asked questions

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

The current guideline value of Dream Villa Garden Phase V is Rs 1,941 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

There have been no changes in the guideline value from 2023 to 2024, maintaining it at Rs 1,941 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,41,000. The stamp duty at 7% is Rs 1,35,870, and the registration fee at 2% is Rs 38,820, totaling Rs 1,74,690.

Which Sub Registrar Office covers Dream Villa Garden Phase V?

The Thiruporur Sub Registrar Office covers Dream Villa Garden Phase V, 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 value for property registration, impacting the calculation of stamp duty and registration fees. It ensures transparency and compliance during property transactions in Asthinapuram.