Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Vellaputhoor village under the Madurandakam SRO, is Rs 103 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value of Dhanalakshmi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 67 per sq.ft. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, before rising again to Rs 103 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 3%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vellaputhoor

In Vellaputhoor, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 103 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is equal to the current figure for Dhanalakshmi Nagar.

• Jeeni Nagar: Rs 103 per sq.ft (2024)
• Jeeni Nagar Fam: Rs 103 per sq.ft (2024)
• Kamatchi Garden: Rs 103 per sq.ft (2024)
• A1-Metro City: Rs 103 per sq.ft (2024)
• Om Sakthi Nagar: Rs 103 per sq.ft (2024)
• Sun City Varadharajan 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 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost to Rs 9,270. 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 more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

Dhanalakshmi Nagar falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Vellaputhoor, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties comply with the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a reference point for assessing the fair value of properties in the area.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

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

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Special Type - I.

How is the stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 103 per sq.ft, the stamp duty would be Rs 7,210.