Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

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

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value of Dhanalakshmi Nagar has seen significant changes. In 2003, the guideline value was Rs 127 per sq.ft, which increased to Rs 500 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,200 per sq.ft in 2012. However, by 2017, the value decreased to Rs 1,474 per sq.ft. The value then rose again to Rs 2,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,450 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the rise from 2007 to 2012 was a remarkable 340%. The increase from 2003 to 2007 was 294%. Overall, from 2003 to 2024, the guideline value has increased by 1829%.

Guideline values in Moulivakkam

Moulivakkam village has a total of 44 streets under the Kunrathur SRO carrying a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median guideline value for these streets is Rs 2,450 per sq.ft, which is also the current value for Dhanalakshmi Nagar.

• Dhanalakshmi Nagar Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total 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, making the total cost for these fees Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

When buying or selling property in Moulivakkam, the guideline value is used to determine the applicable stamp duty and registration fees. This value serves as a benchmark for the transaction, ensuring that the fees are calculated accurately based on the current guideline value.

It is essential for buyers and sellers to be aware of the guideline value as it plays a crucial role in the registration process. Accurate knowledge of this value helps in avoiding any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar 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, starting from Rs 127 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Dhanalakshmi Nagar?

The land classification for Dhanalakshmi Nagar is Residential Special Type - I.

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

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

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.