Guideline Value for DHANALSKHMI NAGAR PHASE I

Dhanalskhmi Nagar Phase I guideline value

The current guideline value of Dhanalskhmi Nagar Phase I is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dhanalskhmi Nagar Phase I has changed

Over the years, the guideline value for Dhanalskhmi Nagar Phase I has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was reduced to Rs 1,675 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,500 per sq.ft in 2023, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, indicating a notable rise in the guideline value over the last decade.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current value of Dhanalskhmi Nagar Phase I above this median.

• Dhanalskhmi Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Dhanalskhmi Nagar: Rs 2,750 per sq.ft (2024)
• Durgai Amman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalskhmi Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these charges Rs 2,47,500. 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 accurate estimations based on your property details.

Which Sub Registrar Office covers Dhanalskhmi Nagar Phase I?

Dhanalskhmi Nagar Phase I is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Iyyappanthangal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a buyer or seller engages in a transaction, the guideline value helps determine the minimum price at which the property can be registered, thereby facilitating a transparent process in property dealings.

Frequently asked questions

What is the current guideline value for Dhanalskhmi Nagar Phase I?

The current guideline value for Dhanalskhmi Nagar Phase I is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the median guideline value in Iyyappanthangal?

The median guideline value in Iyyappanthangal is Rs 2,200 per sq.ft, with Dhanalskhmi Nagar Phase I's current value being above this median.

What are the stamp duty and registration fees for properties in Dhanalskhmi Nagar Phase I?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would amount to Rs 2,47,500.

Which office handles property registrations for Dhanalskhmi Nagar Phase I?

The Chennai South Joint I Sub Registrar Office handles property registrations for Dhanalskhmi Nagar Phase I, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.