Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhanalakshmi Nagar has changed

The guideline value for Dhanalakshmi Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value was updated to Rs 300 per sq.ft, reflecting a total increase of 49% from 2017 to 2024.

Between the 2023 and 2024 revisions, there was no change, with the value remaining at Rs 300 per sq.ft. Notably, the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,254 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Dhanalakshmi Nagar.

• Deepak Nagar: Rs 300 per sq.ft (2024)
• Cyrstel Gardens: Rs 300 per sq.ft (2024)
• Erikkarai Street: Rs 200 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Bhirundhavan Nagar: 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. 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 detailed calculations.

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 Pillaippakkam-A

The guideline value is a crucial factor during the registration process when buying or selling property in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, marking a 49% increase overall.

What are the other streets in Pillaippakkam-A with similar guideline values?

Other streets in Pillaippakkam-A, such as Deepak Nagar and Cyrstel Gardens, also have a guideline value of Rs 300 per sq.ft in 2024, reflecting the median value for the area.

What fees are associated with buying property in Dhanalakshmi Nagar?

When buying property in Dhanalakshmi Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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.