Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Class III 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 the 2007 revision, the value was set at Rs 50 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision. However, there was a decrease to Rs 167 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 250 per sq.ft, showing no change from 2023 to 2024.

Between the revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 400%. This was followed by a decrease of 33% from 2012 to 2017. The value then increased by 50% from 2017 to 2023, and remained stable from 2023 to 2024. The overall change from 2007 to 2024 reflects a 400% increase.

Guideline values in Nattarasampattu

Nattarasampattu has 24 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 700 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Dhanalakshmi Nagar's 2024 figure below that median.

• Dalmia Nagar: Rs 350 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase (I-VIII): Rs 500 per sq.ft (2024)
• Golden Rain Avenue Phase-IX: Rs 500 per sq.ft (2024)
• Balaji Avenue Phase I & II: Rs 350 per sq.ft (2024)
• Balaji Avenue: Rs 350 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nattarasampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 50 per sq.ft in 2007 to Rs 250 per sq.ft in 2012. The value then decreased to Rs 167 per sq.ft in 2017, before stabilizing at Rs 250 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Dhanalakshmi Nagar?

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

What is the land classification of Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes within the local planning framework.