Guideline Value for DHANALAKSHMI AVENUE

Dhanalakshmi Avenue guideline value

The current guideline value of Dhanalakshmi Avenue in Jelandianpettai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Dhanalakshmi Avenue has changed

The guideline value for Dhanalakshmi Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. This figure remained until the 2017 revision, which decreased the value to Rs 804 per sq.ft, marking a decline of 33%. In 2023, the guideline value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,320 per sq.ft, reflecting a 10% increase.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Dhanalakshmi Avenue's 2024 guideline value below this median.

• Dr. Radhakrishnan Street: Rs 2,200 per sq.ft (2024)
• Dr. Rajendraprasad Street: Rs 1,320 per sq.ft (2024)
• Dr. Ramadas Street: Rs 1,320 per sq.ft (2024)
• Chozhan Street: Rs 2,200 per sq.ft (2024)
• Cheran Street: Rs 2,200 per sq.ft (2024)
• Erikarai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi Avenue?

The Sub Registrar Office covering Dhanalakshmi Avenue is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. 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 used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Avenue?

The current guideline value of Dhanalakshmi Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Avenue?

Dhanalakshmi Avenue is classified as Residential Class IV Type - II under the Chennai South Joint I SRO.

How does the guideline value compare to other streets in Jelandianpettai?

The guideline value of Dhanalakshmi Avenue is Rs 1,320 per sq.ft, which is below the median value of Rs 2,200 per sq.ft for other streets in Jelandianpettai.

Where is the Sub Registrar Office for Dhanalakshmi Avenue located?

The Sub Registrar Office for Dhanalakshmi Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.