Guideline Value for Dhanalakshmi Colony Senthil Andavar Koil Street

Dhanalakshmi Colony Senthil Andavar Koil Street guideline value

The current guideline value for Dhanalakshmi Colony Senthil Andavar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dhanalakshmi Colony Senthil Andavar Koil Street has changed

Over the years, the guideline value for Dhanalakshmi Colony Senthil Andavar Koil Street has experienced several revisions. The earliest available figure is from 2007, where the guideline value was Rs 2,260 per sq.ft. This value increased to Rs 4,500 per sq.ft in 2012, marking a 99% increase. However, by 2017, the value decreased to Rs 3,015 per sq.ft, which represents a decline of 33%. The most significant rise occurred between 2017 and 2023, where the value surged to Rs 4,500 per sq.ft, a 49% increase. The latest revision in 2024 sees the guideline value set at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

The register does not provide figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 119%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Dhanalakshmi Colony Senthil Andavar Koil Street above this median.

• Dhanalakshmi Colony: Rs 4,950 per sq.ft (2024)
• Devar Street: Rs 3,300 per sq.ft (2024)
• DEVARAJ NAGAR - V.O.C.Street Extension: Rs 4,950 per sq.ft (2024)
• DEVARAJ NAGAR - V.O.C. Street: Rs 4,950 per sq.ft (2024)
• DEVARAJ NAGAR - V.G.Nair Street: Rs 4,950 per sq.ft (2024)
• DEVARAJ NAGAR - Veeramamunivar Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Colony Senthil Andavar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Colony Senthil Andavar Koil Street?

The Dhanalakshmi Colony Senthil Andavar Koil Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Saligramam. It serves as a benchmark for determining the minimum value of a property during registration. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Understanding this value can help in making informed decisions when engaging in real estate activities in the region.

Frequently asked questions

What is the current guideline value for Dhanalakshmi Colony Senthil Andavar Koil Street?

The current guideline value for Dhanalakshmi Colony Senthil Andavar Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,260 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 119%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,50,000, the total fees would amount to Rs 4,45,500.

Which office handles registrations for Dhanalakshmi Colony Senthil Andavar Koil Street?

The Virugambakkam Sub Registrar Office handles registrations for Dhanalakshmi Colony Senthil Andavar Koil Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value of a property for registration purposes. It is essential for calculating stamp duty and registration fees during property transactions.