Guideline Value for DHANALAKSHMI ENCLAVE

Dhanalakshmi Enclave guideline value

The current guideline value of Dhanalakshmi Enclave in Noombal village, under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Dhanalakshmi Enclave has changed

Since the 2017 revision, the guideline value for Dhanalakshmi Enclave has increased significantly. In 2017, the value was Rs 2,613 per sq.ft, which rose to Rs 3,900 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 shows a further increase to Rs 4,290 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, indicating that Dhanalakshmi Enclave's 2024 figure is above this median.

• Devi Karumariyamman Nagar: Rs 1,980 per sq.ft (2024)
• Crystal Garden Phase I: Rs 1,760 per sq.ft (2024)
• Drowpathi Amman Koil Street: Rs 1,760 per sq.ft (2024)
• Earikari Street: Rs 1,760 per sq.ft (2024)
• Chettiyar Agaram Salai: Rs 2,090 per sq.ft (2024)
• Chellammal Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Enclave?

The Sub Registrar Office covering Dhanalakshmi Enclave is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is accurately recorded and taxed according to the prevailing rates.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Enclave?

The current guideline value of Dhanalakshmi Enclave is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,613 per sq.ft to Rs 4,290 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,86,100.

Which office handles property registrations for Dhanalakshmi Enclave?

The Kunrathur Sub Registrar Office handles property registrations for Dhanalakshmi Enclave, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Noombal?

The median guideline value for streets in Noombal is Rs 2,090 per sq.ft, with Dhanalakshmi Enclave's value being above this median.