Guideline Value for DHANALAKSHMI GARDEN

Dhanalakshmi Garden guideline value

The current guideline value of Dhanalakshmi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dhanalakshmi Garden has changed

The guideline value for Dhanalakshmi Garden has undergone several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, with figures ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making Dhanalakshmi Garden's 2024 figure below that median.

• Dhamodharam Garden: Rs 1,100 per sq.ft (2024)
• Dhanasekaran Garden: Rs 1,100 per sq.ft (2024)
• David Garden: Rs 1,100 per sq.ft (2024)
• Danis Hotel Properties: Rs 1,100 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• Dr.Rajan Salai: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Garden?

The Sub Registrar Office that covers Dhanalakshmi Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthandi. It serves as a basis for calculating the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Garden?

The current guideline value of Dhanalakshmi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Garden?

Dhanalakshmi Garden is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for Dhanalakshmi Garden?

For a 1,000 sq.ft plot, the guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Dhanalakshmi Garden?

The Neelankarai Sub Registrar Office covers Dhanalakshmi Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.