Guideline Value for Dhanalakshmi Nagar 10th Street

Dhanalakshmi Nagar 10th Street guideline value

The current guideline value of Dhanalakshmi Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Dhanalakshmi Nagar 10th Street has changed

The guideline value for Dhanalakshmi Nagar 10th Street has seen several revisions over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 219 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 400 per sq.ft in 2007, an increase of 83%. Following this, the value surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable 400% increase. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has been set at Rs 2,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1000%. There are no figures available for the revisions in years not mentioned in the provided list.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value of Dhanalakshmi Nagar 10th Street is below this median.

• Dhanalakshmi Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 13th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 14th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 15th Street: Rs 2,200 per sq.ft (2024)
• Dhanalakshmi Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar 10th Street?

The Dhanalakshmi Nagar 10th Street falls under 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 Maduravoyal

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 10th Street?

The current guideline value of Dhanalakshmi Nagar 10th 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 from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking a total increase of 1000% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Dhanalakshmi Nagar 10th Street?

The Dhanalakshmi Nagar 10th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of Dhanalakshmi Nagar 10th Street?

Dhanalakshmi Nagar 10th Street is classified as Residential Class V Type - I, indicating its suitability for residential development.