Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Pothur village under the Redhills SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 500 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 335 per sq.ft. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 550 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 figure to the current value in 2024.

Guideline values in Pothur

In Pothur, there are 98 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median value among these streets is Rs 550 per sq.ft, which is the same as the current guideline value for Dhanalakshmi Nagar.

• Deepam Lake View Garden: Rs 550 per sq.ft (2024)
• Engineer Ramasamy Nagar: Rs 550 per sq.ft (2024)
• Eswaran Nagar: Rs 550 per sq.ft (2024)
• Ganapathi Nagar Extension I & II: Rs 550 per sq.ft (2024)
• Ganapathy Nagar: Rs 550 per sq.ft (2024)
• Ganapathy Nagar Extention: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total 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 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. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Pothur, as it determines the amount of stamp duty and registration fees that need to be paid. This value is set by the government and is used to assess the market value of properties within a specific area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate fees based on the property's value.

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 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class I Type - I.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Dhanalakshmi Nagar?

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