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Guideline Value

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Guideline Value for DHANALAKSHMI NAGAR ANNEXE

₹1320/sq.ft.

The guideline value for Dhanalakshmi Nagar Annexe in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhanalakshmi Nagar Annexe

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Dhanalakshmi Nagar Annexe guideline value

The current guideline value of Dhanalakshmi Nagar Annexe is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Kolathuvancheri village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Dhanalakshmi Nagar Annexe has changed

The guideline value for Dhanalakshmi Nagar Annexe has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, followed by a decrease to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023 and finally to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 140% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 164%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Dhanalakshmi Nagar Annexe's 2024 guideline value below this median.

Stamp duty and registration fee for property in Dhanalakshmi Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar Annexe?

The Sub Registrar Office that covers Dhanalakshmi Nagar Annexe 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, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kolathuvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you buy or sell property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar Annexe?

The current guideline value of Dhanalakshmi Nagar Annexe is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

What are the other streets in Kolathuvancheri with the same guideline value?

Other streets in Kolathuvancheri with the same guideline value of Rs 1,320 per sq.ft include Dhanalakshmi Nagar 1st, 2nd, and 3rd Streets, as well as Dhanalakshmi Nagar and Devi Karumari Amman Nagar.

Where can I find the Sub Registrar Office for Dhanalakshmi Nagar Annexe?

The Sub Registrar Office for Dhanalakshmi Nagar Annexe is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Dhanalakshmi Nagar Annexe?

Stamp duty for properties in Dhanalakshmi Nagar Annexe is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.