Guideline Value for Dhanalakshmi Nagar Extn.

Dhanalakshmi Nagar Extn. guideline value

The current guideline value for Dhanalakshmi Nagar Extn., located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhanalakshmi Nagar Extn. has changed

Since the year 2002, the guideline value for Dhanalakshmi Nagar Extn. has seen significant changes. The value began at Rs 107 per sq.ft in 2002, then increased by 207% to Rs 328 per sq.ft in 2007. Following that, it rose dramatically by 266% to reach Rs 1,200 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 804 per sq.ft. The 2023 revision maintained this value at Rs 1,200 per sq.ft, and the same rate was retained in the 2024 revision, showing no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,021%. It is important to note that the register has no figure for this street for the year 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Dhanalakshmi Nagar Extn. is below this median.

• Dhanalakshmi Nagar: Rs 1,200 per sq.ft (2024)
• Dharman Nagar: Rs 1,200 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Defence Colony 9th Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 1to 8 Streets: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar Extn.?

The Dhanalakshmi Nagar Extn. area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the authorities will assess the guideline value to calculate the applicable fees. It is essential to be aware of the current guideline value to ensure that you are prepared for the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value for Dhanalakshmi Nagar Extn.?

The current guideline value for Dhanalakshmi Nagar Extn. is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 107 per sq.ft to Rs 1,200 per sq.ft in 2024, with various fluctuations in between. The most significant increase occurred from 2007 to 2012.

What is the registration office for Dhanalakshmi Nagar Extn.?

The registration office covering Dhanalakshmi Nagar Extn. is the Gooduvancheri Sub Registrar Office, located near the Veterinary Hospital in Nandhivaram.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

What is the median guideline value for streets in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, with Dhanalakshmi Nagar Extn. being below this median at Rs 1,200 per sq.ft.