Guideline Value for Doctor's Township Part-III

Doctor's Township Part-III guideline value

The current guideline value of Doctor's Township Part-III 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 street is Residential Special Type - III.

How the guideline value of Doctor's Township Part-III has changed

The guideline value for Doctor's Township Part-III has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 310 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 158%. However, in 2017, the value decreased to Rs 536 per sq.ft, reflecting a drop of 33%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the current 2024 revision also stands at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 158%. The changes between the revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, while the value remained unchanged from 2023 to 2024.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 500 to Rs 2,239 per sq.ft. The median guideline value is Rs 800 per sq.ft, and the 2024 figure for Doctor's Township Part-III aligns with this median.

• Doctor's Township Part-I: Rs 800 per sq.ft (2024)
• Doctor's Township Part-II: Rs 800 per sq.ft (2024)
• Doctor's Township Part-III: Rs 800 per sq.ft (2024)
• Doctor's Township Part-IV: Rs 800 per sq.ft (2024)
• Doctor's Township Part-V: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VI: Rs 800 per sq.ft (2024)
• Doctor's Township Part-VIII: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Doctor's Township Part-III

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 for these fees 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 also use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Doctor's Township Part-III?

The Sub Registrar Office that covers Doctor's Township Part-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 Kavanur

The guideline value plays a crucial role in property transactions in Kavanur. It is used as a benchmark for calculating the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Doctor's Township Part-III?

The current guideline value of Doctor's Township Part-III is Rs 800 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 significant increase occurring from Rs 310 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, and it has remained at Rs 800 per sq.ft since 2012, except for a drop to Rs 536 per sq.ft in 2017.

What is the land classification for Doctor's Township Part-III?

Doctor's Township Part-III is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is the stamp duty calculated for properties in Kavanur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 8,00,000, the stamp duty would be 7% of this amount.