Guideline Value for Dhanalakshmi Nagar 3rd Street

Dhanalakshmi Nagar 3rd Street guideline value

The current guideline value of Dhanalakshmi Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Dhanalakshmi Nagar 3rd Street has changed

The guideline value for Dhanalakshmi Nagar 3rd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 200 per sq.ft. It increased to Rs 219 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 400 per sq.ft in 2007, representing an 83% increase. Following that, in 2012, the value adjusted to Rs 2,000 per sq.ft, which was a 400% increase from the previous figure. The 2017 revision recorded a decrease to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, followed by the current figure of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for Dhanalakshmi Nagar 3rd Street has increased by 1,000%. There are no figures available for the revisions of years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, placing the 2024 figure for Dhanalakshmi Nagar 3rd Street below this median.

• Dhanalakshmi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 8th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar 3rd Street?

The Sub Registrar Office that covers Dhanalakshmi Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Maduravoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is crucial to be aware that the guideline value is set by the government and may vary from one locality to another. Buyers and sellers should ensure they are informed about the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 3rd Street?

The current guideline value of Dhanalakshmi Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,000% over the years.

What is the stamp duty rate for property in Dhanalakshmi Nagar 3rd Street?

The stamp duty rate for property transactions in Dhanalakshmi Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Dhanalakshmi Nagar 3rd Street located?

The Sub Registrar Office for Dhanalakshmi Nagar 3rd Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Maduravoyal?

The median guideline value in Maduravoyal is Rs 3,050 per sq.ft, while the current guideline value for Dhanalakshmi Nagar 3rd Street is below this median at Rs 2,200 per sq.ft.