Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Dhanalakshmi Nagar has changed

In the 2007 revision, the guideline value was Rs 120 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,500 per sq.ft, marking a change of +1150%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of -33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then increased to Rs 1,650 per sq.ft in the 2024 revision, reflecting a change of +10%. Overall, from 2007 to 2024, the guideline value has increased by +1275%.

The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the guideline value of Dhanalakshmi Nagar.

• Dhanaselvi Nagar: Rs 1,650 per sq.ft (2024)
• Dharkas Nagar: Rs 990 per sq.ft (2024)
• Devan Nagar: Rs 1,650 per sq.ft (2024)
• Deepu Nagar: Rs 880 per sq.ft (2024)
• Doctors Ashwili Garden: Rs 1,330 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 1,650 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, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. 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 information.

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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Varadarajapuram. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations during the transfer of property ownership.

When a property is bought or sold, the guideline value is assessed to calculate the necessary fees. The fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 120 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of +1275% over this period.

What are the other streets with similar guideline values in Varadarajapuram?

Other streets in Varadarajapuram with similar guideline values include Dhanaselvi Nagar and Devan Nagar, both at Rs 1,650 per sq.ft in 2024.

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 same value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the link provided to locate the office that covers your area.