Guideline Value for DhanaLakshmi Nagar

DhanaLakshmi Nagar guideline value

The current guideline value of DhanaLakshmi Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of DhanaLakshmi Nagar has changed

The guideline value for DhanaLakshmi Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 700 per sq.ft, marking a rise of 49% from 2017.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained stable at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. DhanaLakshmi Nagar is one of the streets in this area, and there are no other streets in Ponmar listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in DhanaLakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is essential 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 DhanaLakshmi Nagar?

DhanaLakshmi Nagar falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is an important factor when registering property transactions in Ponmar. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. It ensures that the registration process is transparent and that the appropriate fees are calculated based on the established rates.

Frequently asked questions

What is the current guideline value of DhanaLakshmi Nagar?

The current guideline value of DhanaLakshmi Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 700 per sq.ft in the 2023 revision, reflecting a 49% rise from 2017.

What is the classification of land in DhanaLakshmi Nagar?

DhanaLakshmi Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in DhanaLakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.