Guideline Value for DHANALAKSHMI NAGAR 4th Cross Street

DHANALAKSHMI NAGAR 4th Cross Street guideline value

The current guideline value of DHANALAKSHMI NAGAR 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of DHANALAKSHMI NAGAR 4th Cross Street has changed

The guideline value for DHANALAKSHMI NAGAR 4th Cross Street has seen several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 298 per sq.ft. It increased to Rs 400 per sq.ft in 2007, followed by a significant jump to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose sharply to Rs 2,000 per sq.ft in 2023 and has now reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 638%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value for DHANALAKSHMI NAGAR 4th Cross Street.

• DHANALAKSHMI NAGAR 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• DHANALAKSHMI NAGAR Annexe: Rs 2,200 per sq.ft (2024)
• DHANALAKSHMI NAGAR 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• DHANALAKSHMI NAGAR - Chokkalinga Street (S.No 371): Rs 2,200 per sq.ft (2024)
• DHANALAKSHMI NAGAR - E.V.R. Periyar Street: Rs 2,200 per sq.ft (2024)
• DHANALAKSHMI NAGAR 1st Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in DHANALAKSHMI NAGAR 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers DHANALAKSHMI NAGAR 4th Cross Street?

The Sub Registrar Office that covers DHANALAKSHMI NAGAR 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Nerkundram, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable fees.

Understanding the guideline value helps both buyers and sellers to gauge the official valuation of properties in the area. It is advisable to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of DHANALAKSHMI NAGAR 4th Cross Street?

The current guideline value of DHANALAKSHMI NAGAR 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 298 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 638% over this period.

What is the land classification for DHANALAKSHMI NAGAR 4th Cross Street?

The land classification for DHANALAKSHMI NAGAR 4th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for DHANALAKSHMI NAGAR 4th Cross Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.