Guideline Value for DHANALAKSHMI NAGAR EXTENSION-III

Dhanalakshmi Nagar Extension-III guideline value

The current guideline value of Dhanalakshmi Nagar Extension-III is Rs 1,200 per sq.ft. This area is located in Walajabad village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Dhanalakshmi Nagar Extension-III has changed

The guideline value for Dhanalakshmi Nagar Extension-III has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value rose significantly to Rs 1,200 per sq.ft, reflecting an increase of 49% from the 2017 figure. The 2024 revision has maintained this value at Rs 1,200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with an overall change of 0%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Dhanalakshmi Nagar Extension-III's 2024 figure of Rs 1,200 per sq.ft is above the median.

• Dhanalakshmi Nagar: Rs 750 per sq.ft (2024)
• Dhaksnamoorthy Nagar: Rs 600 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar Extension-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. 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 Extension-III?

The Dhanalakshmi Nagar Extension-III is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Dhanalakshmi Nagar Extension-III?

The current guideline value for Dhanalakshmi Nagar Extension-III is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision maintaining it at Rs 1,200 per sq.ft. The value decreased to Rs 804 per sq.ft in 2017 but rose back to Rs 1,200 per sq.ft in 2023 and 2024.

What are the other streets in Walajabad and their guideline values?

Other streets in Walajabad include Dhanalakshmi Nagar at Rs 750 per sq.ft, Dhaksnamoorthy Nagar at Rs 600 per sq.ft, and several others, all listed with their respective 2024 guideline values.

What is the registration fee for a property in Dhanalakshmi Nagar Extension-III?

The registration fee for a property in Dhanalakshmi Nagar Extension-III is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fee would be Rs 24,000 at the current guideline value.

Which office handles property registrations in Dhanalakshmi Nagar Extension-III?

The Walajabad Sub Registrar Office handles property registrations for Dhanalakshmi Nagar Extension-III. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.