Guideline Value

Corporate

Guideline Value for Dhanalakshmi Nagar

₹1102/sq.ft.

The guideline value for Dhanalakshmi Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹378 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhanalakshmi Nagar

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Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value of Dhanalakshmi Nagar has seen significant changes. In 2002, the guideline value was Rs 378 per sq.ft. This figure rose to Rs 39 per sq.ft in 2003, followed by an increase to Rs 200 per sq.ft in 2007. The value then jumped to Rs 700 per sq.ft in 2012, before decreasing to Rs 469 per sq.ft in 2017. The most recent revisions show the guideline value at Rs 1,000 per sq.ft in 2023, and it has now increased to Rs 1,102 per sq.ft in 2024.

Between the revisions, the changes are notable. From 2002 to 2003, there was a decrease of 90%. However, from 2003 to 2007, the value increased by 413%. The value then rose by 250% from 2007 to 2012, but fell by 33% from 2012 to 2017. A significant increase of 113% occurred from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 192%.

Guideline values in Puzhal

Puzhal village has 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, which aligns with the current value for Dhanalakshmi Nagar.

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total fees together to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puzhal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning for their transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 378 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, reflecting a total increase of 192% over this period.

What is the registration office for Dhanalakshmi Nagar?

The registration office for Dhanalakshmi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value results in total fees of Rs 99,180.

What are the other streets in Puzhal with their guideline values?

Other streets in Puzhal include Dhanush Nagar at Rs 3,000 per sq.ft, Chidhambaram Nagar at Rs 1,102 per sq.ft, and several others at Rs 1,100 per sq.ft, showcasing a range of guideline values in the area.