Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Arambakkam village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

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 160 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then saw a decrease to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 500 per sq.ft, showing no change between these two years. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was substantial at +213%, while the overall increase from 2007 to 2024 is also +213%. This shows a significant rise in the guideline value over time, despite fluctuations in certain years.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. Dhanalakshmi Nagar's 2024 figure of Rs 500 per sq.ft is below this median.

• D.A. Colony: Rs 600 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)
• Cittirai Nagar: Rs 402 per sq.ft (2024)
• Ganapathipuram: Rs 800 per sq.ft (2024)
• Balagangadara Thilak Nagar: Rs 600 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total Rs 45,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

Dhanalakshmi Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Arambakkam. 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 fees. This ensures that the transaction is documented accurately and complies with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Arambakkam?

Other streets in Arambakkam have varying guideline values, ranging from Rs 400 to Rs 800 per sq.ft. For instance, D.A. Colony is at Rs 600 per sq.ft, while Dr. Radha Krishnan Extension is at Rs 800 per sq.ft.

What are the stamp duty and registration fees in Dhanalakshmi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.