Guideline Value for Doctor's Township Part-VIII

Doctor's Township Part-VIII guideline value

The current guideline value for Doctor's Township Part-VIII is Rs 800 per sq.ft. This area is located in Kavanur village under the Gooduvancheri SRO, and the land classification is Residential Special Type - III.

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

Over the years, the guideline value for Doctor's Township Part-VIII has seen several revisions. The register shows no figures for the years 2002, 2003, and 2007. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 536 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2023 revision also maintained the value at Rs 800 per sq.ft, and the current 2024 revision continues this trend with no change, remaining at Rs 800 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen no change, remaining at Rs 800 per sq.ft throughout this period.

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 value is Rs 800 per sq.ft, which is equal to the guideline value of Doctor's Township Part-VIII.

• Doctor's Township Part-VI: Rs 800 per sq.ft (2024)
• Doctor's Township Part-V: Rs 800 per sq.ft (2024)
• Doctors township phase XI: Rs 800 per sq.ft (2024)
• Doctor's Township Part-IV: Rs 800 per sq.ft (2024)
• Doctor's Township Part-III: Rs 800 per sq.ft (2024)
• Doctor's Township Part-II: Rs 800 per sq.ft (2024)

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

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. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. Please 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 more detailed calculations.

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

The Doctor's Township Part-VIII falls under the jurisdiction of 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 is a crucial factor in property transactions in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

Additionally, it ensures transparency in property transactions, as both buyers and sellers can refer to the guideline value to understand the pricing structure in the area. This helps in avoiding disputes related to property valuation during registration.

Frequently asked questions

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

The current guideline value of Doctor's Township Part-VIII 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 decrease to Rs 536 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

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

The Gooduvancheri Sub Registrar Office covers Doctor's Township Part-VIII, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

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

The land classification for Doctor's Township Part-VIII is Residential Special Type - III, indicating its suitability for residential development.