Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has experienced several revisions over the years. In 2002, the guideline value was Rs 107 per sq.ft, which saw a significant increase to Rs 371 per sq.ft in 2007. This was followed by a remarkable rise to Rs 1,200 per sq.ft in 2012, marking an increase of 223%. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value return to Rs 1,200 per sq.ft, and it remains the same in the 2024 revision.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from 2002 to 2024 reflects a substantial increase of 1,021%, with the current value of Rs 1,200 per sq.ft unchanged from the previous two revisions.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, indicating that Dhanalakshmi Nagar's 2024 figure is below this median.

• Dhanalakshmi Nagar Extn.: Rs 1,200 per sq.ft (2024)
• Dharman Nagar: Rs 1,200 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Defence Colony 9th Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 1to 8 Streets: Rs 1,500 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 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with or above the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 107 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 1,021% over these years.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

The Gooduvancheri Sub Registrar Office covers Dhanalakshmi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri - 603202, Chengalpattu registration zone.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.