Guideline Value for Dhanalakshmi Nagar 4th Street

Dhanalakshmi Nagar 4th Street guideline value

The current guideline value of Dhanalakshmi Nagar 4th 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 4th Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,474 per sq.ft, representing a decrease of 33%. The value increased to Rs 2,200 per sq.ft in the 2023 revision, and then rose to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no 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 that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Dhanalakshmi Nagar 4th Street is above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar 4th Street?

The Sub Registrar Office that covers Dhanalakshmi Nagar 4th 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 further assistance.

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

The guideline value is a critical factor when registering property in Selaiyur. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point, and the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded fairly and transparently in the official records.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 4th Street?

The current guideline value of Dhanalakshmi Nagar 4th 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 seen various changes, from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, before rising to Rs 2,200 per sq.ft in 2023, and finally reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Nagar 4th Street?

Dhanalakshmi Nagar 4th Street is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs can amount to Rs 2,16,000, including both fees.

Which office handles the registration for Dhanalakshmi Nagar 4th Street?

The Selaiyur Sub Registrar Office handles registrations for Dhanalakshmi Nagar 4th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.