Guideline Value for DHANASEKARAN GARDEN

Dhanasekaran Garden guideline value

The current guideline value of Dhanasekaran Garden, located in Uthandi village under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Dhanasekaran Garden has changed

The guideline value for Dhanasekaran Garden has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

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 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

Uthandi village has 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value of these streets is Rs 1,700 per sq.ft, indicating that Dhanasekaran Garden's 2024 figure is below this median.

• Dhanalakshmi Garden: Rs 1,100 per sq.ft (2024)
• Dhamodharam Garden: Rs 1,100 per sq.ft (2024)
• David Garden: Rs 1,100 per sq.ft (2024)
• Danis Hotel Properties: Rs 1,100 per sq.ft (2024)
• Dr.Rajan Salai: Rs 2,800 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanasekaran Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dhanasekaran Garden?

Dhanasekaran Garden falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Uthandi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate applicable stamp duty and registration fees. This ensures that the transaction is officially recorded and that the appropriate taxes are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Dhanasekaran Garden?

The current guideline value of Dhanasekaran Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Dhanasekaran Garden?

Dhanasekaran Garden falls under the Residential Class III Type - I land classification.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Dhanasekaran Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.