Guideline Value for Dhanakotti Amman Nagar

Dhanakotti Amman Nagar guideline value

The current guideline value of Dhanakotti Amman Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Neelamangalam village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dhanakotti Amman Nagar has changed

The guideline value for Dhanakotti Amman Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 30 per sq.ft. This figure saw a significant increase to Rs 500 per sq.ft in the 2012 revision, marking a change of +1567%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, which was a drop of -33%. The 2023 revision maintained the value at Rs 500 per sq.ft, and the current revision in 2024 has kept it the same at Rs 500 per sq.ft, resulting in a change of +0% from the previous year.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +1567%.

Guideline values in Neelamangalam

In Neelamangalam village, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Dhanakotti Amman Nagar's value below this median.

• Jeeva Nagar: Rs 600 per sq.ft (2024)
• Amman Nagar: Rs 500 per sq.ft (2024)
• Amman Avenue: Rs 500 per sq.ft (2024)
• Kamaraj Nagar: Rs 600 per sq.ft (2024)
• Kavalkaran Nagar: Rs 600 per sq.ft (2024)
• K.C.R.Nagar: Rs 1,344 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanakotti Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanakotti Amman Nagar?

The Dhanakotti Amman Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Neelamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should ensure that they are informed about these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhanakotti Amman Nagar?

The current guideline value of Dhanakotti Amman Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 30 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in 2023 and 2024.

What is the stamp duty for property in Dhanakotti Amman Nagar?

The stamp duty for property in Dhanakotti Amman Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 35,000.

Which Sub Registrar Office should I contact for Dhanakotti Amman Nagar?

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

What is the land classification of Dhanakotti Amman Nagar?

Dhanakotti Amman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.