Guideline Value for Dhaksan Avenue III

Dhaksan Avenue III guideline value

The current guideline value of Dhaksan Avenue III is Rs 900 per sq.ft. This property is located in Unamancheri village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Dhaksan Avenue III has changed

Over the years, the guideline value of Dhaksan Avenue III has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a 500% rise. However, this value remained unchanged in the 2012 to 2017 period, where it was still Rs 900 per sq.ft. The 2017 revision saw a decrease to Rs 603 per sq.ft, which was a drop of 33%. The most recent revision in 2023 has brought the guideline value back up to Rs 900 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures provided for Unamancheri. Dhaksan Avenue III is among the streets in this area, but there are no other streets in Unamancheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Dhaksan Avenue III

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000. Together, these fees would total Rs 81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhaksan Avenue III?

The Sub Registrar Office that covers Dhaksan Avenue III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value can differ from the actual sale price.

When registering a property, the stamp duty is calculated based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, regardless of the sale price agreed upon by the buyer and seller.

Frequently asked questions

What is the current guideline value of Dhaksan Avenue III?

The current guideline value of Dhaksan Avenue III is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 150 per sq.ft in 2007 to Rs 900 per sq.ft in 2012. After a drop to Rs 603 per sq.ft in 2017, it returned to Rs 900 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Dhaksan Avenue III?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 900 per sq.ft, the total fees would amount to Rs 81,000.

Which office handles the registration for Dhaksan Avenue III?

The Gooduvancheri Sub Registrar Office handles the registration for Dhaksan Avenue III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register. It reflects the official value assigned to properties for the purpose of calculating stamp duty and registration fees during transactions.