Guideline Value for Doss Avenue

Doss Avenue guideline value

The current guideline value of Doss Avenue in Pazhanthandalam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of Doss Avenue has changed

The guideline value for Doss Avenue has seen several revisions over the years. The earliest recorded figure was Rs 1,000 per sq.ft in 2012. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. Overall, comparing the years 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that have a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Doss Avenue.

• Bhuvaneswari Nagar: Rs 770 per sq.ft (2024)
• Green Bay Layout: Rs 770 per sq.ft (2024)
• G.T.Enclave: Rs 1,100 per sq.ft (2024)
• Guru Nagar: Rs 1,100 per sq.ft (2024)
• Arul Murugan Nagar: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Doss Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Doss Avenue?

The Sub Registrar Office that covers Doss Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Pazhanthandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the transaction is registered at a fair value according to government standards. This value is used to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Doss Avenue?

The current guideline value of Doss Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly. It was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Doss Avenue?

The stamp duty for properties in Doss Avenue is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Which office handles property registrations for Doss Avenue?

The Padappai Sub Registrar Office handles property registrations for Doss Avenue. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Doss Avenue?

Doss Avenue is classified as Residential Special Type - I, indicating its suitability for residential development within the area.