Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Sekkadu village under the Avadi SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then rose again to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

Sekkadu village has 56 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is equal to the current value of Dhanalakshmi Nagar.

• Dhanalakshmi Nagar Annuxe: Rs 1,320 per sq.ft (2024)
• Devarajan Nagar: Rs 1,075 per sq.ft (2024)
• Defence Colony: Rs 1,075 per sq.ft (2024)
• C.S.I. School Street: Rs 1,320 per sq.ft (2024)
• Driver's Colony: Rs 1,320 per sq.ft (2024)
• D.R.P. Nagar: Rs 2,250 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges together Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Sekkadu, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on an official valuation.

It is important for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value can help avoid legal issues and ensure a smooth transfer of ownership.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Sekkadu?

The median guideline value in Sekkadu is Rs 1,320 per sq.ft, which is the same as the current guideline value for Dhanalakshmi Nagar.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations in Dhanalakshmi Nagar?

The Avadi Sub Registrar Office handles property registrations in Dhanalakshmi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.