Guideline Value for Dhanalakshmi Nagar 2nd Street

Dhanalakshmi Nagar 2nd Street guideline value

The current guideline value of Dhanalakshmi Nagar 2nd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Dhanalakshmi Nagar 2nd Street has changed

The guideline value for Dhanalakshmi Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,400 per sq.ft. The changes from 2012 to 2017 showed a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2024 guideline value reflects a 9% increase from the 2023 figure, which was Rs 2,200 per sq.ft.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Dhanalakshmi Nagar 2nd Street's 2024 figure above this median.

• Dhanalakshmi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Street: Rs 1,100 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar 2nd Street

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, bringing the total charges to Rs 2,16,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dhanalakshmi Nagar 2nd Street?

The Sub Registrar Office that covers Dhanalakshmi Nagar 2nd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 2nd Street?

The current guideline value of Dhanalakshmi Nagar 2nd Street 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What are the other streets with the same guideline value in Selaiyur?

Other streets in Selaiyur with the same guideline value of Rs 2,400 per sq.ft include Dhanalakshmi Nagar 1st Street, Dhanalakshmi Nagar 3rd Street, Dhanalakshmi Nagar 4th Street, and Dhanalakshmi Nagar 5th Street.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Dhanalakshmi Nagar 2nd Street?

Stamp duty for properties in Dhanalakshmi Nagar 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.