Guideline Value for Doctor Township Phase X

Doctor Township Phase X guideline value

The current guideline value of Doctor Township Phase X is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this property is Residential Special Type - III.

How the guideline value of Doctor Township Phase X has changed

Looking at the historical revisions, the guideline value for this street has seen several changes. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 536 per sq.ft, but there was a significant increase of 49% to return to Rs 800 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but overall, from 2012 to 2024, the guideline value has remained stable at Rs 800 per sq.ft. The most recent revision in 2024 did not change the value from the previous year, indicating a steady valuation in this area.

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 value for these streets is Rs 800 per sq.ft, placing Doctor Township Phase X at the median value for 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)
• Doctor's Township Part-VIII: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VI: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor Township Phase X

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost to Rs 72,000. 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 details.

Which Sub Registrar Office covers Doctor Township Phase X?

The Sub Registrar Office that covers Doctor Township Phase X 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 more information.

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 is the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers. Buyers and sellers must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration.

When purchasing property, the guideline value is used to determine the minimum price at which a property can be registered. This ensures that all transactions are recorded accurately and transparently, reflecting the true value of properties in the region.

Frequently asked questions

What is the current guideline value for Doctor Township Phase X?

The current guideline value for Doctor Township Phase X is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant decrease to Rs 536 per sq.ft in 2017 before returning to Rs 800 per sq.ft in 2023.

What is the land classification for Doctor Township Phase X?

The land classification for Doctor Township Phase X is Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Doctor Township Phase X is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000.