Guideline Value

Corporate

Guideline Value for DHANALAKSHMI NAGAR

₹550/sq.ft.

The guideline value for Dhanalakshmi Nagar in Moorai-1 village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moorai-1

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Moorai-1 village under the Avadi Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen changes over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

In the 2024 revision, the guideline value of Rs 550 per sq.ft matches the median value for the 13 streets in Moorai-1 under the Avadi SRO. The previous revision in 2023 was Rs 500 per sq.ft, reflecting a significant increase in the current value.

Guideline values in Moorai-1

Moorai-1 village has a range of guideline values, with the 2024 figures for 13 streets varying from Rs 220 to Rs 550 per sq.ft. Dhanalakshmi Nagar's current guideline value is at the median of Rs 550 per sq.ft. Below are the guideline values for other streets in Moorai-1:

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Moorai-1

The guideline value is an important factor during the registration process when buying or selling property in Moorai-1. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the costs associated with the transfer of ownership. Buyers and sellers should be informed of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 550 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 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Moorai-1?

Other streets in Moorai-1 have varying guideline values ranging from Rs 220 to Rs 550 per sq.ft. Dhanalakshmi Nagar's value is at the median of Rs 550 per sq.ft.

What fees are associated with property transactions in Dhanalakshmi Nagar?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500 in fees. The duty is charged on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Dhanalakshmi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.