Guideline Value for Dhanalakshmi 3rd Cross Street

Dhanalakshmi 3rd Cross Street guideline value

The current guideline value of Dhanalakshmi 3rd 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, and is classified as Residential Special Type - II.

How the guideline value of Dhanalakshmi 3rd Cross Street has changed

The guideline value for Dhanalakshmi 3rd Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,200 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 saw the guideline value rise to Rs 2,400 per sq.ft, a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, and Dhanalakshmi 3rd Cross Street's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi 3rd Cross Street?

The Dhanalakshmi 3rd Cross Street is covered by 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 serves as a benchmark for property transactions in Selaiyur. When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of purchasing or selling property. Understanding these values helps in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi 3rd Cross Street?

The current guideline value of Dhanalakshmi 3rd 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 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What are the other streets in Selaiyur with the same guideline value?

Other streets in Selaiyur with a guideline value of Rs 2,400 per sq.ft for 2024 include Dhanalakshmi 1st Cross Street, Dhanalakshmi 2nd Cross Street, Dhanalakshmi 4th Cross Street, Dhanalakshmi 5th Cross Street, Dhanalakshmi Nagar, and Dhanalakshmi Nagar 1st Street.

How is stamp duty calculated for properties in Dhanalakshmi 3rd Cross Street?

Stamp duty for properties in Dhanalakshmi 3rd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.