Guideline Value for Doctor's Enclave

Doctor's Enclave guideline value

The current guideline value of Doctor's Enclave is Rs 902 per sq.ft, effective from 1 July 2024. This property is located in Allappakkam village and falls under the Chengleput Joint I SRO, classified as Residential Special Type - IV.

How the guideline value of Doctor's Enclave has changed

The guideline value for Doctor's Enclave has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft. This remained unchanged until 2017, when it dropped to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 902 per sq.ft, which is a stable change of 0% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Doctor's Enclave. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 902 per sq.ft.

Guideline values in Allappakkam

In Allappakkam village, there are 51 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for Doctor's Enclave is below this median.

• Dhanalakshmi Nagar: Rs 902 per sq.ft (2024)
• Fathima Garden: Rs 1,200 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 2,000 per sq.ft (2024)
• Golden King Nagar: Rs 1,102 per sq.ft (2024)
• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Harigtan Nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor's Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value would be Rs 9,02,000. The stamp duty at 7% would amount to Rs 63,140, and the registration fee at 2% would be Rs 18,040, bringing the total fees to Rs 81,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Doctor's Enclave?

The Sub Registrar Office that covers Doctor's Enclave is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Doctor's Enclave?

The current guideline value of Doctor's Enclave is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 setting it at Rs 902 per sq.ft, which is stable from the previous year. The value saw a significant increase from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Doctor's Enclave?

For a property valued at Rs 9,02,000, the stamp duty would be Rs 63,140 and the registration fee would be Rs 18,040, totaling Rs 81,180. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Doctor's Enclave?

The registration of properties in Doctor's Enclave is handled by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is crucial for determining the stamp duty and registration fees during property transactions. It ensures that the property is registered at a value that reflects the local market conditions.