Guideline Value for DWARAKA MAIYE AVNNUE PART -II

Dwaraka Maiye Avnnue Part -II guideline value

The current guideline value for Dwaraka Maiye Avnnue Part -II is Rs 600 per sq.ft. This property is located in Kavanur village, under the Gooduvancheri SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Dwaraka Maiye Avnnue Part -II has changed

The guideline value for Dwaraka Maiye Avnnue Part -II has seen several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, the value rose significantly to Rs 600 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, indicating no change between these two years.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 600 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 600 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, indicating that Dwaraka Maiye Avnnue Part -II's 2024 figure is below this median.

• Dwaraka Maye Avenue Part - I: Rs 600 per sq.ft (2024)
• Doctor Township Phase X: Rs 800 per sq.ft (2024)
• Doctor Township Part-VII Extn: Rs 800 per sq.ft (2024)
• Doctor Township Part-IX: Rs 800 per sq.ft (2024)
• Doctor Township Anneux: Rs 800 per sq.ft (2024)
• Doctors township phase XI: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Dwaraka Maiye Avnnue Part -II

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 information.

Which Sub Registrar Office covers Dwaraka Maiye Avnnue Part -II?

The Dwaraka Maiye Avnnue Part -II is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the applicable fees are calculated accurately based on the guideline value.

Frequently asked questions

What is the current guideline value of Dwaraka Maiye Avnnue Part -II?

The current guideline value of Dwaraka Maiye Avnnue Part -II is Rs 600 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a drop to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Dwaraka Maiye Avnnue Part -II?

Dwaraka Maiye Avnnue Part -II is classified under Residential Class I Type - I.

Where can I find the registration office for Dwaraka Maiye Avnnue Part -II?

The registration office for Dwaraka Maiye Avnnue Part -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202.

How is stamp duty calculated for properties in Kavanur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at a rate of 7%.