Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Kilambakkam village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Dhanalakshmi Nagar has changed

Over the years, the guideline value of Dhanalakshmi Nagar has seen several revisions. The 2007 revision set the guideline value at Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision, marking a 50% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33% from the previous figure. The most recent revision in 2023 has brought the guideline value back up to Rs 1,500 per sq.ft, reflecting a significant increase of 49% from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 50%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Dhanalakshmi Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office covering Dhanalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Kilambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it directly affects the overall cost of the transaction. Understanding these values can help buyers and sellers navigate the registration process more effectively.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has varied over the years, with the most recent revision in 2023 setting it at Rs 1,500 per sq.ft. This represents a 49% increase from Rs 1,005 per sq.ft in 2017.

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,35,000, based on the current guideline value of Rs 15,00,000.

Where is the Sub Registrar Office for Dhanalakshmi Nagar located?

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