Guideline Value for Dhanalakshmi Colony

Dhanalakshmi Colony guideline value

The current guideline value of Dhanalakshmi Colony is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Dhanalakshmi Colony has changed

The guideline value for Dhanalakshmi Colony has undergone several revisions over the years. The earliest recorded revision was in 2002, where the guideline value was Rs 144 per sq.ft. This increased to Rs 175 per sq.ft in 2003, marking a change of +22%. In 2007, the value saw a significant jump to Rs 400 per sq.ft, which is a change of +129%. The guideline value further increased to Rs 2,200 per sq.ft in 2012, reflecting a remarkable change of +450% from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, which is an increase of +9% from the 2012 figure. Overall, from 2002 to 2024, there has been a substantial increase of +1567% in the guideline value for Dhanalakshmi Colony. The register has no figures for the years 2017 and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Dhanalakshmi Colony.

• Devi Eswari Nagar Extention: Rs 1,800 per sq.ft (2024)
• Devi Eswari Nagar: Rs 1,900 per sq.ft (2024)
• Dharmasastha Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Doctor Annebesant Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)
• Colapuram Ibrahim street Extn: Rs 2,400 per sq.ft (2024)
• Dr.Murugesan Street (Sri nagar Colony): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total 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, leading to a total of Rs 2,16,000 for both fees. It is important to note that the 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 Colony?

The Sub Registrar Office that covers Dhanalakshmi Colony is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thirumullaivoyal. 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 registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Colony?

The current guideline value of Dhanalakshmi Colony 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 144 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of +1567% over the years.

What is the land classification for Dhanalakshmi Colony?

Dhanalakshmi Colony is classified as Residential Class I Type - I, which is a designation for residential properties in the area.

Where can I find the Sub Registrar Office for Dhanalakshmi Colony?

The Sub Registrar Office for Dhanalakshmi Colony is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Dhanalakshmi Colony?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.