Guideline Value for Doctor Avenue
₹250/sq.ft.
The guideline value for Doctor Avenue in Somangalam village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Somangalam
Village
Sriperumpudur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Doctor Avenue
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Doctor Avenue guideline value
The current guideline value of Doctor Avenue in Somangalam village is Rs 250 per sq.ft, effective from the 2024 revision. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.
How the guideline value of Doctor Avenue has changed
In the 2012 revision, the guideline value was Rs 250 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 250 per sq.ft. However, in the 2017 revision, there was a significant increase of 50% from the previous figure of Rs 167 per sq.ft in 2017. The 2023 revision again maintained the guideline value at Rs 250 per sq.ft, showing no change from the previous year. The 2024 revision also keeps the value at Rs 250 per sq.ft, resulting in a 0% change from 2023 to 2024.
The revisions for the years 2002, 2003, and 2007 have no figures listed for Doctor Avenue in the register. Overall, from 2012 to 2024, the guideline value has shown no change.
Guideline values in Somangalam
In Somangalam, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median of Rs 350 per sq.ft. The guideline value of Doctor Avenue is below this median.
- Doctors Avenue Annexe-I: Rs 400 per sq.ft (2024)
- Dr.APJ Abdul Kalam Nagar: Rs 250 per sq.ft (2024)
- Dharmashastha Nagar: Rs 150 per sq.ft (2024)
- Chinnasamy Nagar: Rs 200 per sq.ft (2024)
- Ganapathy Farm House Site: Rs 400 per sq.ft (2024)
- Ganapathy Farm Lands: Rs 150 per sq.ft (2024)
Stamp duty and registration fee for property in Doctor Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Doctor Avenue?
The Sub Registrar Office that covers Doctor Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Somangalam
The guideline value is a crucial factor when registering property transactions in Somangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.
When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.
Frequently asked questions
What is the current guideline value of Doctor Avenue?
The current guideline value of Doctor Avenue is Rs 250 per sq.ft, effective from the 2024 revision.
How has the guideline value changed over the years?
The guideline value has remained at Rs 250 per sq.ft in the 2012, 2017, 2023, and 2024 revisions. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft, and there were no figures for the years 2002, 2003, and 2007.
What is the land classification for Doctor Avenue?
Doctor Avenue is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible uses of the land.
What are the other streets in Somangalam with their guideline values?
Other streets in Somangalam include Doctors Avenue Annexe-I at Rs 400 per sq.ft, Dr.APJ Abdul Kalam Nagar at Rs 250 per sq.ft, Dharmashastha Nagar at Rs 150 per sq.ft, Chinnasamy Nagar at Rs 200 per sq.ft, Ganapathy Farm House Site at Rs 400 per sq.ft, and Ganapathy Farm Lands at Rs 150 per sq.ft.
How is stamp duty calculated for properties in Doctor Avenue?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000.
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