Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village, under the jurisdiction of the Madurandakam SRO. The land classification for this street is Residential Special 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 2012 revision recorded a value of Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose by 10% to the current Rs 660 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33% in the guideline value. Conversely, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Dhanalakshmi Nagar's 2024 figure below that median.

• Dharamaraja Koil Street: Rs 1,110 per sq.ft (2024)
• Dr.ABDULKALAM NAGAR EXTENSION: Rs 770 per sq.ft (2024)
• Chinna Colony Sengunthar Pettai: Rs 660 per sq.ft (2024)
• Chelliamman Nagar: Rs 715 per sq.ft (2024)
• Erikkarai Street: Rs 555 per sq.ft (2024)
• Car Steet: Rs 1,110 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Nagar?

The land classification for Dhanalakshmi Nagar is Residential Special Type - III.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

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

The Sub Registrar Office for Dhanalakshmi Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.