Guideline Value for DHAKSNAMOORTHY NAGAR

Dhaksnamoorthy Nagar guideline value

The current guideline value of Dhaksnamoorthy Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class I Type - II.

How the guideline value of Dhaksnamoorthy Nagar has changed

The guideline value for Dhaksnamoorthy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision saw a decrease to Rs 402 per sq.ft, marking a -33% change from the 2012 figure. The overall change from 2012 to 2024 shows no increase, maintaining the value at Rs 600 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The most recent revision in 2024 kept the value steady at Rs 600 per sq.ft, reflecting a 0% change from the previous year. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a guideline value for 2024, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Dhaksnamoorthy Nagar's 2024 figure below this median.

• Dhanalakshmi Nagar: Rs 750 per sq.ft (2024)
• Dhanalakshmi Nagar Extension-III: Rs 1,200 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhaksnamoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhaksnamoorthy Nagar?

Dhaksnamoorthy Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dhaksnamoorthy Nagar?

The current guideline value of Dhaksnamoorthy Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has experienced fluctuations, with the most recent revisions showing a steady value of Rs 600 per sq.ft since 2012, with a significant increase of 49% from 2017 to 2023.

What is the median guideline value in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is above the current value of Dhaksnamoorthy Nagar.

What are the stamp duty rates applicable in Dhaksnamoorthy Nagar?

The stamp duty rate in Dhaksnamoorthy Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Dhaksnamoorthy Nagar?

The Walajabad Sub Registrar Office handles property registrations in Dhaksnamoorthy Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.