Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This locality is situated in Annathoor village, under the Salavakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value of Dhanalakshmi Nagar has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 60 per sq.ft. This was followed by a decrease to Rs 40 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 150%, bringing the value up to Rs 100 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 101 per sq.ft, marking a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 68%.

Guideline values in Annathoor

In Annathoor, there are nine streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 104 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which is equal to the guideline value of Dhanalakshmi Nagar.

• Annathur New City Phase-VII: Rs 100 per sq.ft (2024)
• Annathur New City Phase-VI: Rs 101 per sq.ft (2024)
• Annathur New City Phase-V: Rs 101 per sq.ft (2024)
• Annathur New City Phase-IV: Rs 101 per sq.ft (2024)
• Annathur New City Phase-III: Rs 101 per sq.ft (2024)
• Annathur New City Phase-II: Rs 101 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 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020. Together, the total cost for stamp duty and registration would be Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Dhanalakshmi Nagar area falls under the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Annathoor. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 101 per sq.ft in 2024, reflecting an overall increase of 68% over this period.

What are the stamp duty rates for property in Dhanalakshmi Nagar?

The stamp duty for property in Dhanalakshmi Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration in Dhanalakshmi Nagar?

The Salavakkam Sub Registrar Office handles property registrations for Dhanalakshmi Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu.

What other streets in Annathoor have guideline values?

Other streets in Annathoor under the Salavakkam SRO include Annathur New City Phase-II, Phase-III, Phase-IV, Phase-V, Phase-VI, and Phase-VII, with guideline values ranging from Rs 100 to Rs 101 per sq.ft.