Guideline Value for Doctors vijayam township

Doctors vijayam township guideline value

The current guideline value for Doctors vijayam township, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

How the guideline value of Doctors vijayam township has changed

The guideline value for Doctors vijayam township has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged at Rs 1,500 per sq.ft in the 2023 revision. The current 2024 revision also maintains the value at Rs 1,500 per sq.ft, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to the current 2024 revision, the guideline value has also increased by 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making the guideline value for Doctors vijayam township above that median.

• Doorvani Avenue: Rs 700 per sq.ft (2024)
• D K Naidu Nagar: Rs 1,800 per sq.ft (2024)
• D.K. Nagar: Rs 700 per sq.ft (2024)
• Dhanthondry Amman koil Street: Rs 1,000 per sq.ft (2024)
• Devendra Nagar: Rs 700 per sq.ft (2024)
• Deva Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Doctors vijayam township

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Doctors vijayam township?

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

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

The guideline value plays a crucial role during the registration process of property transactions in Sriperumbudur A. It is used to determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value helps in establishing a baseline for the sale price. This ensures transparency in the transaction and aids in the proper calculation of taxes and fees associated with property registration.

Frequently asked questions

What is the current guideline value of Doctors vijayam township?

The current guideline value of Doctors vijayam township is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since the 2023 revision, which was also Rs 1,500 per sq.ft. The value increased from Rs 1,005 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Doctors vijayam township?

The Sriperumpudur Sub Registrar Office handles property registrations in Doctors vijayam township. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that both buyers and sellers are aware of their financial obligations when registering a property.