Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 902 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 260 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012, marking a rise of 246%. However, from 2012 to 2017, the value decreased to Rs 603 per sq.ft, a decline of 33%. The value then rose again to Rs 900 per sq.ft in 2023, and has remained stable at Rs 902 per sq.ft in the 2024 revision, showing no change.

Notably, the guideline value has increased by 49% from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023. Overall, from 2007 to 2024, the guideline value has increased by 247%.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Dhanalakshmi Nagar's 2024 figure of Rs 902 per sq.ft is below this median.

• Doctor's Enclave: Rs 902 per sq.ft (2024)
• Fathima Garden: Rs 1,200 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 2,000 per sq.ft (2024)
• Golden King Nagar: Rs 1,102 per sq.ft (2024)
• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Harigtan Nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value amounts to Rs 9,02,000. The stamp duty at 7% would be Rs 63,140, and the registration fee at 2% would be Rs 18,040, bringing the total fees to Rs 81,180. Stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi Nagar?

Dhanalakshmi Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with legal requirements. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 260 per sq.ft in 2007 to Rs 902 per sq.ft in 2024, marking an overall increase of 247% over the years.

What is the median guideline value in Allappakkam?

The median guideline value in Allappakkam is Rs 1,102 per sq.ft, with Dhanalakshmi Nagar's value being below this median at Rs 902 per sq.ft.

What are the stamp duty and registration fees for properties in Dhanalakshmi Nagar?

For a property valued at Rs 9,02,000, the stamp duty at 7% would be Rs 63,140, and the registration fee at 2% would be Rs 18,040, totaling Rs 81,180.

Which office handles registrations for Dhanalakshmi Nagar?

The Chengleput Joint I Sub Registrar Office handles registrations for Dhanalakshmi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.