Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision. This change reflects a 10% increase from the previous year.

Looking further back, the guideline value was Rs 469 per sq.ft in the 2017 revision. This indicates a significant increase of 49% when compared to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the 2024 figure for Dhanalakshmi Nagar.

• Dhanakoti Nagar: Rs 770 per sq.ft (2024)
• Devi Nagar Anexue-I & Streets: Rs 770 per sq.ft (2024)
• Devi Nagar Anexue-II & Streets: Rs 770 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 770 per sq.ft (2024)
• Devaki Avenue Phase -2: Rs 1,400 per sq.ft (2024)
• Devaki Avenue: Rs 768 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Avadi Sub Registrar Office. The address is 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 Thiruninravur-B

The guideline value is a critical factor during the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately and legally.

When you register a property, the guideline value helps in establishing the official value of the property for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their real estate transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

What are the other streets with the same guideline value in Thiruninravur-B?

Other streets in Thiruninravur-B with the same guideline value of Rs 770 per sq.ft in 2024 include Dhanakoti Nagar, Devi Nagar Anexue-I & Streets, Devi Nagar Anexue-II & Streets, and Dharmaraja Koil Street.

Where is the Avadi Sub Registrar Office located?

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