Guideline Value

Corporate

Guideline Value for Dhakshana Moorthy Nagar

₹440/sq.ft.

The guideline value for Dhakshana Moorthy Nagar in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Dhakshana Moorthy Nagar

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Dhakshana Moorthy Nagar guideline value

The current guideline value of Dhakshana Moorthy Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dhakshana Moorthy Nagar has changed

Over the years, the guideline value of Dhakshana Moorthy Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then rose significantly to Rs 400 per sq.ft in 2023, followed by a further increase to Rs 440 per sq.ft in 2024, reflecting a 10% change.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a total increase of 120%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Dhakshana Moorthy Nagar matches this median.

Stamp duty and registration fee for property in Dhakshana Moorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, these fees would total Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhakshana Moorthy Nagar?

The Sub Registrar Office covering Dhakshana Moorthy Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vilangadupakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

When registering a property, it is essential to consider the guideline value as it ensures compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market, and is crucial for both buyers and sellers to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Dhakshana Moorthy Nagar?

The current guideline value of Dhakshana Moorthy Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 120% over the years.

Which Sub Registrar Office covers Dhakshana Moorthy Nagar?

The Redhills Sub Registrar Office covers Dhakshana Moorthy Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the stamp duty rate for properties in Dhakshana Moorthy Nagar?

The stamp duty rate for properties in Dhakshana Moorthy Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.