Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Vadaperumbakkam village under the Redhills SRO, is Rs 1,006 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value saw a significant increase to Rs 500 per sq.ft in 2023, followed by a remarkable rise to Rs 1,006 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 was 101%. Overall, from 2007 to 2024, the guideline value has increased by 403%. This shows a significant fluctuation in the values over the years.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, making Dhanalakshmi Nagar's 2024 figure above that median.

• Co-operative Nagar: Rs 1,000 per sq.ft (2024)
• C.K. Madhavan Nagar Extension: Rs 1,004 per sq.ft (2024)
• Cherriyan Nagar: Rs 1,006 per sq.ft (2024)
• Chelliyamman Nagar: Rs 1,003 per sq.ft (2024)
• Buneshwari Nagar: Rs 1,006 per sq.ft (2024)
• Bhuvaneswari Avenue: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,006 per sq.ft, the guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, while the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is transparent and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, showing an overall increase of 403% over the years.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar falls under the Residential Class III Type - I land classification.

Where can I find 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 is the stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 10,06,000, the stamp duty would be Rs 70,420 at 7%.