Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Ammambakkam village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

Looking at the historical revisions, the guideline value for Dhanalakshmi Nagar was Rs 67 per sq.ft in the 2017 revision. It then increased to Rs 100 per sq.ft in the 2023 revision, marking a significant rise of 49%. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ammambakkam

Ammambakkam has 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Dhanalakshmi Nagar's 2024 figure aligns with this median.

• Bavaniamman Nagar: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 100 per sq.ft (2024)
• Mayur Garden Phase IV: Rs 100 per sq.ft (2024)
• Sainagar: Rs 100 per sq.ft (2024)
• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the 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?

The Sub Registrar Office covering Dhanalakshmi Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Ammambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when registering a property sale. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remained the same in 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Ammambakkam with similar guideline values?

Other streets in Ammambakkam, such as Bavaniamman Nagar, Mahalakshmi Nagar, and Sainagar, also have a guideline value of Rs 100 per sq.ft in 2024.

How is stamp duty calculated in Dhanalakshmi Nagar?

Stamp duty in Dhanalakshmi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

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

The Sub Registrar Office for Dhanalakshmi Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026.