Guideline Value

Corporate

Guideline Value for DHANAM NAGAR

₹1650/sq.ft.

The guideline value for Dhanam Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhanam Nagar

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Dhanam Nagar guideline value

The current guideline value of Dhanam Nagar, located in Pallikaranai village under the Chennai South Joint I SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Dhanam Nagar has changed

Over the years, the guideline value of Dhanam Nagar has undergone several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,650 per sq.ft.

To summarize the changes: from 2007 to 2012, there was a remarkable increase of 200%. The value then decreased by 33% from 2012 to 2017. From 2017 to 2023, it increased by 49%, and finally, from 2023 to 2024, there was a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Dhanam Nagar.

Stamp duty and registration fee for property in Dhanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Therefore, the total cost for these fees would be Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Dhanam Nagar?

The Sub Registrar Office that covers Dhanam Nagar is 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 Pallikaranai

The guideline value plays a crucial role during property transactions in Pallikaranai. It is used to determine the minimum price at which a property can be registered. When buying or selling a property, the guideline value is essential for calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Both buyers and sellers should be aware that the guideline value is regularly updated, reflecting changes in the real estate market. This ensures that the property registration process remains transparent and fair, adhering to the latest valuation standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dhanam Nagar?

The current guideline value of Dhanam Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification of Dhanam Nagar?

Dhanam Nagar falls under Residential Class IV Type - I land classification.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Dhanam Nagar?

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