Guideline Value for DHANALAKSHMI AVENUE

Dhanalakshmi Avenue guideline value

The current guideline value of Dhanalakshmi Avenue in Thundalam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Dhanalakshmi Avenue has changed

The guideline value for Dhanalakshmi Avenue has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for Dhanalakshmi Avenue in the years 2002, 2003, and 2007. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thundalam

In Thundalam, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Dhanalakshmi Avenue's 2024 figure above the median.

• Erikari Street: Rs 1,650 per sq.ft (2024)
• Fair Land: Rs 2,750 per sq.ft (2024)
• Bharathiyar Street: Rs 1,650 per sq.ft (2024)
• Gandhi Street: Rs 1,650 per sq.ft (2024)
• Balaji Nagar Thiruvalluvar Street: Rs 2,750 per sq.ft (2024)
• Balaji Nagar Thilagar Street: Rs 2,750 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Avenue?

The Dhanalakshmi Avenue is covered by 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Thundalam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the authorities assess the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Avenue?

The current guideline value of Dhanalakshmi Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Thundalam and their guideline values?

Other streets in Thundalam include Erikari Street at Rs 1,650 per sq.ft, Fair Land at Rs 2,750 per sq.ft, and Bharathiyar Street at Rs 1,650 per sq.ft, among others.

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

For a 1,000 sq.ft property, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Dhanalakshmi Avenue?

The Chennai South Joint I Sub Registrar Office handles the registration for Dhanalakshmi Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.