Guideline Value for DHANUSH NAGAR

Dhanush Nagar guideline value

The current guideline value of Dhanush Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village and falls under the Redhills SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Dhanush Nagar has changed

The guideline value for Dhanush Nagar has remained at Rs 3,000 per sq.ft for the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002. Therefore, there are no recorded changes for those years.

From the 2023 revision to the 2024 revision, there was no percentage change, as the guideline value remained constant at Rs 3,000 per sq.ft.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with a guideline value for 2024 ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Dhanush Nagar's 2024 figure above that median.

• Dhanalakshmi Nagar: Rs 1,102 per sq.ft (2024)
• Ekathamman Avenue: Rs 1,100 per sq.ft (2024)
• Erattamalai Srinivasan Street: Rs 1,100 per sq.ft (2024)
• Chidhambaram Nagar: Rs 1,102 per sq.ft (2024)
• Eswaran Nagar: Rs 1,102 per sq.ft (2024)
• Eswari Nagar: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanush Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, totaling Rs 2,70,000. 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 Dhanush Nagar?

Dhanush Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Puzhal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price reflects the guideline value to avoid any legal complications. The guideline value serves as a benchmark for property transactions, providing transparency and consistency in the registration process.

Frequently asked questions

What is the current guideline value of Dhanush Nagar?

The current guideline value of Dhanush Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dhanush Nagar has remained at Rs 3,000 per sq.ft for the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values in Puzhal?

In Puzhal, the guideline values range from Rs 1,100 to Rs 6,000 per sq.ft for 2024, with a median value of Rs 1,102 per sq.ft. Dhanush Nagar's guideline value is above this median.

What are the registration fees for property in Dhanush Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a property valued at Rs 30,00,000, the total fees would amount to Rs 2,70,000.

Which office handles property registration for Dhanush Nagar?

The Redhills Sub Registrar Office handles property registration for Dhanush Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.