Guideline Value for Dhaksan Avenue V

Dhaksan Avenue V guideline value

The current guideline value of Dhaksan Avenue V is Rs 700 per sq.ft. This street is located in Unamancheri village under the Gooduvancheri SRO, and the land classification is Residential Special Type - I.

How the guideline value of Dhaksan Avenue V has changed

Looking at the revisions, the guideline value for Dhaksan Avenue V was Rs 700 per sq.ft in 2012. It then decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back up to Rs 700 per sq.ft in the 2023 revision.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Dhaksan Avenue V's guideline value stands at Rs 700 per sq.ft, reflecting its classification and recent revisions.

Stamp duty and registration fee for property in Dhaksan Avenue V

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dhaksan Avenue V?

The Sub Registrar Office that covers Dhaksan Avenue V 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 details.

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

The guideline value is essential during property registration, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the higher of the guideline value or sale price will be used for calculating stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for tax purposes. It helps maintain transparency in property transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Dhaksan Avenue V?

The current guideline value of Dhaksan Avenue V is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has experienced a decrease from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, followed by an increase back to Rs 700 per sq.ft in 2023.

What is the land classification for Dhaksan Avenue V?

Dhaksan Avenue V is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Dhaksan Avenue V?

The Gooduvancheri Sub Registrar Office covers Dhaksan Avenue V and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Dhaksan Avenue V?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7% and a registration fee of Rs 14,000 at 2%, totaling Rs 63,000.