Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value for Dhanalakshmi Nagar has experienced several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% increase. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the current guideline value for Dhanalakshmi Nagar.

• Dava Nagar: Rs 1,000 per sq.ft (2024)
• Cresent Avenue: Rs 1,000 per sq.ft (2024)
• B.V.R. Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Bhuvanesh Ward Homes: Rs 1,000 per sq.ft (2024)
• Gandhi Nagar: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar Part -I: Rs 1,000 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Dhanalakshmi Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the financial aspects of the transaction. Buyers must ensure that the sale price is equal to or higher than the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 200 per sq.ft in 2007, rising to Rs 1,000 in 2012, dropping to Rs 670 in 2017, and then returning to Rs 1,000 in 2023 and 2024.

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

Other streets in Adhanoor with the same guideline value of Rs 1,000 per sq.ft include Dava Nagar, Cresent Avenue, B.V.R. Nagar (I,II), Bhuvanesh Ward Homes, Gandhi Nagar, and Bharathi Nagar Part -I.

How is stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Dhanalakshmi Nagar?

The Sub Registrar Office covering Dhanalakshmi Nagar is the Gooduvancheri SRO, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.