Guideline Value

Corporate

Guideline Value for DHANALAKSHMI NAGAR

₹200/sq.ft.

The guideline value for Dhanalakshmi Nagar in Kizhnallathur & Melnallathur village (Manavalanagar SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kizhnallathur & Melnallathur

Village

Manavalanagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
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, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[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 200 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village and falls under the Manavalanagar SRO, classified as Residential Class II Type - II.

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value for Dhanalakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous revision. However, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, the overall change is 0%. The most recent revision in 2024 confirmed the value at Rs 200 per sq.ft, indicating stability in the guideline value for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with a median of Rs 250 per sq.ft. The guideline value for Dhanalakshmi Nagar is below this median.

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. 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 Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value plays a crucial role when buying or selling property in Kizhnallathur & Melnallathur. It is used to determine the stamp duty and registration fees applicable during the property transaction process. Buyers should be aware that the guideline value is often considered the baseline for these calculations.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. It is advisable for buyers and sellers to check the latest guideline values before proceeding with any transactions.

Frequently asked questions

What is the current guideline value for Dhanalakshmi Nagar?

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

How has the guideline value changed over the years?

The guideline value for Dhanalakshmi Nagar has seen several revisions, with the 2017 revision at Rs 134 per sq.ft, followed by Rs 200 per sq.ft in 2012, 2023, and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Dhanalakshmi Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Manavalanagar Sub Registrar Office covers Dhanalakshmi Nagar, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential developments.