Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Serapanancheri village under the Padappai SRO, is Rs 720 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 has changed

In the 2012 revision, the guideline value for Dhanalakshmi Nagar was Rs 650 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 435 per sq.ft, marking a reduction of 33%. The value then increased significantly to Rs 650 per sq.ft in the 2023 revision, followed by a further rise to Rs 720 per sq.ft in the 2024 revision, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft. The median value is Rs 720 per sq.ft, which is equal to the current guideline value of Dhanalakshmi Nagar.

• Cresent Enclave: Rs 4,440 per sq.ft (2024)
• Ezhil Nagar: Rs 720 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 720 per sq.ft (2024)
• Gajalakshmi Nagar Extension: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 720 per sq.ft (2024)
• Jai Nagar: Rs 990 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 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total to Rs 64,800. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value decreased to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Dhanalakshmi Nagar?

The registration office for Dhanalakshmi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

How is stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty for properties in Dhanalakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 7,20,000, leading to a stamp duty of Rs 50,400.