Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai village, under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then dropped to Rs 536 per sq.ft in 2017. The current value has remained stable at Rs 800 per sq.ft since the 2023 revision, which also recorded Rs 800 per sq.ft.

Between the revisions, the most notable change occurred from 2007 to 2012, with a remarkable increase of 400%. From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the increase is also 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, placing Dhanalakshmi Nagar's guideline value above this median.

• Colony Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Erikkarai Street: Rs 250 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Bharathiyar Street: Rs 400 per sq.ft (2024)
• Ganesh Nagar Colony: Rs 250 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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?

The Sub Registrar Office that covers Dhanalakshmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Irunkattukottai. It serves as a benchmark for assessing the value of properties, ensuring that the registration fees and stamp duties are calculated accurately based on the established rates.

When buying or selling property, the guideline value helps to determine the official value of the property for taxation purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 800 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 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has remained at Rs 800 per sq.ft since 2023.

What is the land classification of Dhanalakshmi Nagar?

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

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

The Sub Registrar Office for Dhanalakshmi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Dhanalakshmi Nagar?

Stamp duty in Dhanalakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 72,000 in duties and fees.