Guideline Value for Dhanalakshmi Nagar 5th Street

Dhanalakshmi Nagar 5th Street guideline value

The current guideline value of Dhanalakshmi Nagar 5th 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 5th Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 1,474 per sq.ft, marking a decrease of 33%. The value increased significantly in the 2023 revision to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in the 2024 revision, reflecting a 9% rise.

From the 2017 revision to 2023, the guideline value saw a considerable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which means Dhanalakshmi Nagar 5th Street's 2024 figure is above that median.

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

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar 5th Street?

The Dhanalakshmi Nagar 5th Street falls under 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall costs associated with the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar 5th Street?

The current guideline value of Dhanalakshmi Nagar 5th 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 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 5th Street?

Dhanalakshmi Nagar 5th Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Dhanalakshmi Nagar 5th Street?

The Sub Registrar Office covering Dhanalakshmi Nagar 5th Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Dhanalakshmi Nagar 5th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,16,000.