Guideline Value for DHANALAKSHMI GARDEN

Dhanalakshmi Garden guideline value

The current guideline value of Dhanalakshmi Garden in Kalvai village, under the Thiruporur SRO, is Rs 1,764 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Dhanalakshmi Garden has changed

The guideline value for Dhanalakshmi Garden has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 1,764 per sq.ft, which was the same in the 2023 revision. The 2024 revision continues this trend, maintaining the value at Rs 1,764 per sq.ft, showing no change from the previous years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has not changed, reflecting a stable valuation during this period.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO with a 2024 guideline value range from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, placing Dhanalakshmi Garden's 2024 figure above this median.

• Bhavatharani Nagar Part I & II: Rs 1,493 per sq.ft (2024)
• Amsa Nagar: Rs 1,493 per sq.ft (2024)
• Karpagam Nagar: Rs 600 per sq.ft (2024)
• Maruthi Avenue: Rs 1,000 per sq.ft (2024)
• Mgm Green Hill: Rs 3,000 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,764 per sq.ft, the total guideline value would be Rs 17,64,000. The stamp duty at 7% would amount to Rs 1,23,480, and the registration fee at 2% would be Rs 35,280, bringing the total to Rs 1,58,760. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi Garden?

The Dhanalakshmi Garden area falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Kalvai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid by the buyer at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. This value helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Garden?

The current guideline value of Dhanalakshmi Garden is Rs 1,764 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dhanalakshmi Garden has remained unchanged at Rs 1,764 per sq.ft since 2017, with no variations noted in the revisions for 2023 and 2024.

What is the land classification of Dhanalakshmi Garden?

Dhanalakshmi Garden is classified under Residential Class I Type - III, indicating its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,58,760.

Which office handles registrations for Dhanalakshmi Garden?

The Thiruporur Sub Registrar Office handles registrations for Dhanalakshmi Garden, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.