Guideline Value for DHANALAKSHMI NAGAR

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Walajabad village under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV 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 most recent revisions show that the guideline value was Rs 750 per sq.ft in both 2023 and 2024, indicating no change. In 2017, the value was Rs 502 per sq.ft, which reflects a significant increase of 49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 750 per sq.ft, marking a decrease of 33% from the 2017 figure.

Prior to 2012, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Dhanalakshmi Nagar's 2024 guideline value aligns perfectly with this median.

• Dhanalakshmi Nagar Extension-III: Rs 1,200 per sq.ft (2024)
• Dhaksnamoorthy Nagar: Rs 600 per sq.ft (2024)
• Dharmaraja Kovil Cross St: Rs 750 per sq.ft (2024)
• Dharmaraja Kovil Street: Rs 750 per sq.ft (2024)
• Dhasappa Ubedhar Street: Rs 750 per sq.ft (2024)
• Durasamy Naidu St: Rs 750 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 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Dhanalakshmi Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value is used to calculate the stamp duty, ensuring that the fees are based on a standardized value rather than the negotiated sale price, which may vary significantly.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft in both 2023 and 2024, with a significant increase of 49% from Rs 502 per sq.ft in 2017. The value in 2012 was also Rs 750 per sq.ft, indicating a decrease of 33% from the 2017 figure.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class IV Type - I, which is relevant for determining the applicable guidelines and regulations for property development in the area.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your specific SRO online.

How is stamp duty calculated in Dhanalakshmi Nagar?

Stamp duty in Dhanalakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For instance, on a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.