Guideline Value

Corporate

Guideline Value for Dhanalakshmi Colony

₹4950/sq.ft.

The guideline value for Dhanalakshmi Colony in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Colony

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Dhanalakshmi Colony guideline value

The current guideline value of Dhanalakshmi Colony, located in Saligramam village under the Virugambakkam SRO, is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is classified as 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 2007 revision recorded a value of Rs 1,350 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 3,015 per sq.ft in 2017. The value then rose sharply to Rs 4,500 per sq.ft in 2023, and has now increased by 10% to the current rate of Rs 4,950 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

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, with a median value of Rs 4,400 per sq.ft. Dhanalakshmi Colony's current guideline value is above this median.

Stamp duty and registration fee for property in Dhanalakshmi Colony

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, bringing the total costs together to 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.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Colony?

The Dhanalakshmi Colony area is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property in Saligramam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Colony?

The current guideline value of Dhanalakshmi Colony 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 1,350 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty and registration fees for property in Dhanalakshmi Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 49,50,000, with stamp duty at Rs 3,46,500 and registration fees at Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for Dhanalakshmi Colony?

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

What is the significance of the guideline value?

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