Guideline Value for Dhanalakshmi Nagar Extension

Dhanalakshmi Nagar Extension guideline value

The current guideline value of Dhanalakshmi Nagar Extension, located in Moulivakkam village under the Kunrathur SRO, is Rs 2,450 per sq.ft. This figure is effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Dhanalakshmi Nagar Extension has changed

The guideline value for Dhanalakshmi Nagar Extension has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 124 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2007, marking a rise of 303%. In 2012, the guideline value was revised to Rs 2,200 per sq.ft, a substantial increase of 340%. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, followed by the latest revision to Rs 2,450 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 1,876%. The register has no figure for the year 2002 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value for these streets is Rs 2,450 per sq.ft, which is equal to the guideline value of Dhanalakshmi Nagar Extension.

• Dhanalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Chandramouleeswarar Nagar: Rs 2,450 per sq.ft (2024)
• Bharathiyar Nagar: Rs 2,450 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,450 per sq.ft (2024)
• Govindaraj Nagar: Rs 2,450 per sq.ft (2024)
• Bajanai koil Street: Rs 2,450 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 2,450 per sq.ft, the guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total to Rs 2,20,500. 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 Extension?

The Dhanalakshmi Nagar Extension falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Moulivakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When engaging in property transactions, the guideline value is used to calculate applicable duties and fees, such as stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar Extension?

The current guideline value of Dhanalakshmi Nagar Extension is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 124 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 1,876% over the years.

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

Other streets in Moulivakkam with the same guideline value of Rs 2,450 per sq.ft include Dhanalakshmi Nagar, Chandramouleeswarar Nagar, Bharathiyar Nagar, Gangai Amman Koil Street, Govindaraj Nagar, and Bajanai koil Street.

What is the registration fee for property in Dhanalakshmi Nagar Extension?

The registration fee for property in Dhanalakshmi Nagar Extension is calculated based on the guideline value. For example, for a property valued at Rs 24,50,000, the registration fee at 2% would be Rs 49,000.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in Dhanalakshmi Nagar Extension.