Guideline Value for DHANALAKSHMI AVENUE

Dhanalakshmi Avenue guideline value

The current guideline value of Dhanalakshmi Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dhanalakshmi Avenue has changed

The guideline value for Dhanalakshmi Avenue has undergone several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 70%, raising the value to Rs 2,500 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Dhanalakshmi Avenue. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 2,725 per sq.ft, placing Dhanalakshmi Avenue's 2024 figure above that median.

• Divinity: Rs 2,725 per sq.ft (2024)
• Color Feels: Rs 2,725 per sq.ft (2024)
• Color Castle: Rs 3,950 per sq.ft (2024)
• Citrine Sanctum By Urban Tree: Rs 4,000 per sq.ft (2024)
• Chettinad Villa: Rs 2,725 per sq.ft (2024)
• Cheran Nagar: Rs 2,725 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 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi Avenue?

Dhanalakshmi Avenue falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded at a value that reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Avenue?

The current guideline value of Dhanalakshmi Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the median guideline value in Perumbakkam?

The median guideline value in Perumbakkam is Rs 2,725 per sq.ft, which is lower than the current guideline value of Dhanalakshmi Avenue.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office should I contact for registration in Dhanalakshmi Avenue?

The Selaiyur Sub Registrar Office covers Dhanalakshmi Avenue, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.