Guideline Value for Dhanalakshmi 1st Cross Street

Dhanalakshmi 1st Cross Street guideline value

The current guideline value of Dhanalakshmi 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Dhanalakshmi 1st Cross Street has changed

The guideline value for Dhanalakshmi 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. The 2023 revision increased the value to Rs 2,200 per sq.ft, which was a significant increase of 49% from the 2017 figure. The most recent 2024 revision has further increased the guideline value to Rs 2,400 per sq.ft, marking a 9% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Dhanalakshmi 1st Cross Street above this median.

• Dhanalakshmi 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi 5th Cross Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhanalakshmi 1st Cross Street?

The Sub Registrar Office that covers Dhanalakshmi 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi 1st Cross Street?

The current guideline value of Dhanalakshmi 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012, showing various fluctuations over the years.

What are the stamp duty and registration fees for property in Dhanalakshmi 1st Cross Street?

For a 1,000 sq.ft plot, the stamp duty is Rs 1,68,000 and the registration fee is Rs 48,000, totaling Rs 2,16,000 based on the current guideline value.

Which Sub Registrar Office covers Dhanalakshmi 1st Cross Street?

The Selaiyur Sub Registrar Office covers Dhanalakshmi 1st Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher amount is used for duty calculation.