Guideline Value for DWARAKA MAYE AVENUE PART - I

Dwaraka Maye Avenue Part - I guideline value

The current guideline value of Dwaraka Maye Avenue Part - I is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kavanur village under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Dwaraka Maye Avenue Part - I has changed

Looking back at the revisions, the guideline value for Dwaraka Maye Avenue Part - I was Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. The 2017 revision marked a significant increase to Rs 402 per sq.ft, reflecting a 49% rise from the previous revision in 2012, which was also Rs 600 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 600 per sq.ft, indicating no change in this period.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Dwaraka Maye Avenue Part - I's current value is below this median.

• Dwaraka Maiye Avnnue Part -II: 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 Maye Avenue Part - I

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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, bringing the total cost for these fees to Rs 54,000. It is important to note that 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 Maye Avenue Part - I?

The Sub Registrar Office that covers Dwaraka Maye Avenue Part - I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor when registering property transactions in Kavanur. It establishes the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the current market assessments.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, providing transparency in the registration process.

Frequently asked questions

What is the current guideline value of Dwaraka Maye Avenue Part - I?

The current guideline value of Dwaraka Maye Avenue Part - I is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 402 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What are the other streets in Kavanur with their guideline values?

Other streets in Kavanur include Dwaraka Maiye Avnnue Part -II at Rs 600 per sq.ft, and several Doctor Township phases, all valued at Rs 800 per sq.ft in 2024.

What is the stamp duty rate for properties in Dwaraka Maye Avenue Part - I?

The stamp duty rate for properties in Dwaraka Maye Avenue Part - I is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dwaraka Maye Avenue Part - I?

The Sub Registrar Office for Dwaraka Maye Avenue Part - I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.