Guideline Value for DREAM VILLA GARDEN

Dream Villa Garden guideline value

The current guideline value of Dream Villa Garden, located in Asthinapuram village under the Thiruporur SRO, is Rs 1,941 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of Dream Villa Garden has changed

According to the register, the guideline value for Dream Villa Garden has seen changes over the years. The 2017 revision set the value at Rs 1,300 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 1,941 per sq.ft. The current 2024 revision also maintains this figure at Rs 1,941 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the stability of the value in recent 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, with a median value of Rs 1,614 per sq.ft. The guideline value for Dream Villa Garden is above this median, indicating a higher valuation compared to many other streets in the village.

• Dream Villa Garden Extension: Rs 1,300 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

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, while the registration fee at 2% would be Rs 38,820. Together, the total cost for stamp duty and registration fee would be Rs 1,74,690. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dream Villa Garden?

The Sub Registrar Office covering Dream Villa Garden 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 in the registration process when buying or selling property in Asthinapuram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. This ensures that all transactions are recorded at a fair value according to the local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dream Villa Garden?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,941 per sq.ft since the 2023 revision, which was also Rs 1,941 per sq.ft. The value increased from Rs 1,300 per sq.ft in 2017 to Rs 1,941 per sq.ft in 2023, marking a 49% increase.

What are the other streets in Asthinapuram?

Other streets in Asthinapuram include Dream Villa Garden Extension, Dream Villa Garden Extension I, Dream Villa Garden Extension II, Dream Villa Garden Extension III, Dream Villa Garden Extension IV, and Dream Villa Garden Extension- V, all with a guideline value of Rs 1,300 per sq.ft for 2024.

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

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

Which Sub Registrar Office covers Dream Villa Garden?

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