Guideline Value for DHANALAKSHMI NAGAR 3RD STREET

Dhanalakshmi Nagar 3rd Street guideline value

The current guideline value of Dhanalakshmi Nagar 3rd Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dhanalakshmi Nagar 3rd Street has changed

The guideline value for Dhanalakshmi Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and finally, it reached Rs 1,660 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,660 per sq.ft, which is equal to the current guideline value of Dhanalakshmi Nagar 3rd Street.

• Dhanalakshmi Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar Annex: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, totaling Rs 1,49,400. 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 Nagar 3rd Street?

The Dhanalakshmi Nagar 3rd Street 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Vanagaram. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately in the official register. This process helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 3rd Street?

The current guideline value of Dhanalakshmi Nagar 3rd Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,660 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Nagar 3rd Street?

The land classification for Dhanalakshmi Nagar 3rd Street is Residential Class III Type - I.

Where can I find the registration office for Dhanalakshmi Nagar 3rd Street?

The registration office for Dhanalakshmi Nagar 3rd Street is 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.

How is the stamp duty calculated for properties in Dhanalakshmi Nagar 3rd Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,60,000, the stamp duty would be Rs 1,16,200.