Guideline Value for Dhanalakshmi Avenue 2nd Street

Dhanalakshmi Avenue 2nd Street guideline value

The current guideline value of Dhanalakshmi Avenue 2nd 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 it falls under the Residential Special Type - III land classification.

How the guideline value of Dhanalakshmi Avenue 2nd Street has changed

The guideline value for Dhanalakshmi Avenue 2nd Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 6,000 per sq.ft. This figure decreased to Rs 4,020 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value significantly increased to Rs 6,000 per sq.ft in the 2023 revision and further rose to Rs 6,600 per sq.ft in the 2024 revision, reflecting a 10% increase 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 10%.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 9,400 per sq.ft, making Dhanalakshmi Avenue 2nd Street's 2024 figure below the median.

• Dhanalakshmi Avenue 1st Street: Rs 6,600 per sq.ft (2024)
• Dhanalakshmi Avenue 3rd Street: Rs 6,600 per sq.ft (2024)
• Ethiraj Naikkan Bajanai Koil Street: Rs 4,400 per sq.ft (2024)
• Canal Road: Rs 5,000 per sq.ft (2024)
• Canal Bank Road: Rs 9,400 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Avenue 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be 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, totaling Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Avenue 2nd Street?

The Dhanalakshmi Avenue 2nd 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 information.

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

The guideline value is a critical factor when registering property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Avenue 2nd Street?

The current guideline value of Dhanalakshmi Avenue 2nd 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 back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What are the guideline values for other streets in Pallipattu?

Other streets in Pallipattu have varying guideline values, with rates ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 9,400 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%. For example, a 1,000 sq.ft plot at Rs 6,600 per sq.ft would incur a total fee of Rs 5,94,000.

Where can I find the Sub Registrar Office for Dhanalakshmi Avenue 2nd Street?

The Adayar Sub Registrar Office covers Dhanalakshmi Avenue 2nd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.