Guideline Value

Corporate

Guideline Value for Doctors Avenue Annexe-I

₹400/sq.ft.

The guideline value for Doctors Avenue Annexe-i in Somangalam_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Somangalam_b

Village

Sriperumpudur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Doctors Avenue Annexe-i

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Doctors Avenue Annexe-I guideline value

The current guideline value of Doctors Avenue Annexe-I is Rs 400 per sq.ft. This property is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Doctors Avenue Annexe-I has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 has retained the same value of Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same value in the latest revisions.

Guideline values in Somangalam_B

In Somangalam_B, there are a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing the guideline value of Doctors Avenue Annexe-I above this median.

Stamp duty and registration fee for property in Doctors Avenue Annexe-I

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. Together, the total fees would be Rs 36,000. 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 Doctors Avenue Annexe-I?

The Sub Registrar Office that covers Doctors Avenue Annexe-I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated accurately based on the property's assessed value.

When buying or selling property, the guideline value must be considered as it affects the overall transaction costs. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Doctors Avenue Annexe-I?

The current guideline value of Doctors Avenue Annexe-I is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged from Rs 400 per sq.ft in 2023 to Rs 400 per sq.ft in 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification of Doctors Avenue Annexe-I?

Doctors Avenue Annexe-I is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the other streets in Somangalam_B and their guideline values?

Other streets in Somangalam_B include Doctor Avenue at Rs 250 per sq.ft, Dr.APJ Abdul Kalam Nagar at Rs 250 per sq.ft, Dharmashastha Nagar at Rs 150 per sq.ft, Chinnasamy Nagar at Rs 200 per sq.ft, Ganapathy Farm House Site at Rs 400 per sq.ft, and Ganapathy Farm Lands at Rs 150 per sq.ft, all based on the 2024 revision.

Where can I find the Sub Registrar Office for Doctors Avenue Annexe-I?

The Sub Registrar Office for Doctors Avenue Annexe-I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all property registrations in the area.