Guideline Value for Dhanalakshmi Nagar 3rd Street

Dhanalakshmi Nagar 3rd Street guideline value

The current guideline value of Dhanalakshmi Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

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

Over the years, the guideline value for Dhanalakshmi Nagar 3rd Street has seen several revisions. The earliest recorded figure is from 2012, where it was Rs 2,200 per sq.ft. This value remained the same until the 2017 revision, which saw a decrease to Rs 1,474 per sq.ft. Following this, the guideline value increased significantly to Rs 2,200 per sq.ft in 2023, and then to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing the 2024 figure for Dhanalakshmi Nagar 3rd Street above this median.

• Dhanalakshmi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 1st 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 3rd 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 fees to Rs 2,16,000. 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 3rd Street?

The Sub Registrar Office that covers Dhanalakshmi Nagar 3rd 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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Selaiyur. When buying or selling property, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It ensures that the fees are calculated based on a standard value set by the government.

During the registration process, the property is assessed against the guideline value, and the duty is charged on the higher of the guideline value or the sale price. This helps maintain transparency and fairness in property transactions.

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 2,400 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 increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Nagar 3rd Street?

Dhanalakshmi Nagar 3rd Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Dhanalakshmi Nagar 3rd Street?

The Sub Registrar Office for Dhanalakshmi Nagar 3rd Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Dhanalakshmi Nagar 3rd Street?

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