Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under the Nallur_2 village and is classified as Residential Class III Type - I. The relevant Sub Registrar Office for this locality is the Redhills SRO.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a change of +49% between these two revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2024 for this street.

In summary, the only recorded revisions for Dhanalakshmi Nagar are from 2017 and 2023, with the latter reflecting the current guideline value. The absence of figures for the other years indicates a lack of updates during those periods.

Guideline values in Nallur_2

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO. Therefore, this section does not include any additional streets or their respective rates.

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO online.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value plays a crucial role in property transactions in Nallur_2, as it serves as a reference point for determining the stamp duty and registration fees. Buyers and sellers must consider the guideline value when registering a property, as it can influence the overall cost of the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that these costs are based on an official valuation rather than just the sale price. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, which is a change of +49%.

Are there any guideline values for other streets in Nallur_2?

Currently, there are no specific guideline values available for other streets in Nallur_2 under the Redhills SRO.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles the registration for Dhanalakshmi Nagar?

The Redhills Sub Registrar Office handles registration for Dhanalakshmi Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.