Guideline Value for Doctor's Township Part-V

Doctor's Township Part-V guideline value

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

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

The guideline value for Doctor's Township Part-V has seen several revisions over the years. The earliest available figure is from 2007, which was Rs 310 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 158%. However, the value dropped to Rs 536 per sq.ft in 2017, a decrease of 33%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the same figure was retained in the 2024 revision, showing no change.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has increased by 158%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village has 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. Doctor's Township Part-V's 2024 guideline value is equal to 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-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-V

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value is 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, totaling Rs 72,000. 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 information.

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

The Sub Registrar Office that covers Doctor's Township Part-V 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 details.

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

The guideline value is a critical factor in the registration process for buying or selling property in Kavanur. It serves as the basis for calculating the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Doctor's Township Part-V 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 from Rs 310 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has remained at Rs 800 per sq.ft in both 2023 and 2024.

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

Doctor's Township Part-V is classified as Residential Special Type - III, indicating its suitability for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Doctor's Township Part-V?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.