Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then dropped to Rs 737 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 1,100 per sq.ft, and the latest revision in 2024 increased it further to Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

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

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, indicating that Dhanalakshmi Nagar's 2024 figure is below this median.

• Cosmas Nagar: Rs 1,900 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,876 per sq.ft (2024)
• Egamberaswrer Nagar: Rs 1,900 per sq.ft (2024)
• Elisabeth Nagar: Rs 1,600 per sq.ft (2024)
• Elizabath Nagar Extn: Rs 1,600 per sq.ft (2024)
• Elumalai Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar

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 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 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?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid penalties.

When a property is registered, the guideline value serves as a benchmark for calculating various charges, ensuring that all transactions are conducted transparently and fairly. It is essential to refer to the latest guideline value to ascertain the correct fees applicable to any property transaction.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the median guideline value in Puthagaram?

The median guideline value in Puthagaram is Rs 1,900 per sq.ft, meaning Dhanalakshmi Nagar's current value is below this median.

What are the stamp duty and registration fees for Dhanalakshmi Nagar?

For a plot of 1,000 sq.ft, the total guideline value is Rs 12,00,000. The stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Dhanalakshmi Nagar?

The Ambattur Sub Registrar Office handles registrations for Dhanalakshmi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.