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Guideline Value

Corporate

Guideline Value for Dhanalakshmi Avenue 1st Street

₹6600/sq.ft.

The guideline value for Dhanalakshmi Avenue 1st Street in Pallipattu village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhanalakshmi Avenue 1st Street

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Dhanalakshmi Avenue 1st Street guideline value

The current guideline value of Dhanalakshmi Avenue 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - III.

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

The guideline value for Dhanalakshmi Avenue 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was then reduced to Rs 4,020 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 6,000 per sq.ft in the 2023 revision and finally rose to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 9,400 per sq.ft. Dhanalakshmi Avenue 1st Street's 2024 guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the 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 Avenue 1st Street?

The Dhanalakshmi Avenue 1st Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated fairly based on this value.

When buying or selling property, the guideline value helps in establishing a clear understanding of the property's worth. This is particularly important for both buyers and sellers to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Dhanalakshmi Avenue 1st Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then increased to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What are the other streets in Pallipattu with their guideline values?

Other streets in Pallipattu include Dhanalakshmi Avenue 2nd Street and 3rd Street, both at Rs 6,600 per sq.ft, Canal Road at Rs 5,000 per sq.ft, Ethiraj Naikkan Bajanai Koil Street at Rs 4,400 per sq.ft, Canal Bank Road at Rs 9,400 per sq.ft, and Bharathi Nagar at Rs 3,300 per sq.ft.

What is the registration fee for property in Dhanalakshmi Avenue 1st Street?

The registration fee for property in Dhanalakshmi Avenue 1st Street is calculated at 2% of the guideline value. For a property valued at Rs 66,00,000, the registration fee would be Rs 1,32,000.

Where can I find the Sub Registrar Office for Dhanalakshmi Avenue 1st Street?

The Sub Registrar Office covering Dhanalakshmi Avenue 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.