Guideline Value for SRS DREAM CITY

Srs Dream City guideline value

The current guideline value of Srs Dream City is Rs 2,239 per sq.ft, as per the 2023 revision. This property is located in Sonalur village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Srs Dream City has changed

The guideline value for Srs Dream City has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,500 per sq.ft. The most recent revision in 2023 shows an increase to Rs 2,239 per sq.ft, which represents a change of +49% from the 2017 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased substantially, reflecting a notable change in the property valuation. The absence of figures for the earlier years indicates that there was no recorded guideline value for Srs Dream City during those revisions.

Guideline values in Sonalur

Currently, there are no specific village figures provided for Sonalur. Srs Dream City is one of the properties under the Gooduvancheri SRO, but there are no other streets in Sonalur listed with a guideline value.

Stamp duty and registration fee for property in Srs Dream City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, making the total cost for these fees Rs 2,01,510. 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 to estimate your costs accurately.

Which Sub Registrar Office covers Srs Dream City?

The Sub Registrar Office that covers Srs Dream City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sonalur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transactions.

When registering a property, buyers must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srs Dream City?

The current guideline value of Srs Dream City is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, which is a change of +49%.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Srs Dream City.

What are the stamp duty and registration fees for a property in Srs Dream City?

For a 1,000 sq.ft plot in Srs Dream City, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Which office handles registrations for Srs Dream City?

The Gooduvancheri Sub Registrar Office handles registrations for Srs Dream City, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.