Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value for Dhanalakshmi Nagar, located in Puthuper village under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Special 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 the 2007 revision, the value was Rs 40 per sq.ft, which saw a significant increase to Rs 400 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 268 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 400 per sq.ft, and the current 2024 revision also holds the same value, indicating no change from the previous year.

In summary, the changes between revisions show a +900% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, and a +49% increase from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by +900%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puthuper

Puthuper village features 39 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the current guideline value of Dhanalakshmi Nagar.

• Dhanalakshmi Nagar Ext: Rs 400 per sq.ft (2024)
• Devadoss Garden: Rs 400 per sq.ft (2024)
• Docter Sundaravelu Garden: Rs 600 per sq.ft (2024)
• Cini production Assistants Nagar: Rs 510 per sq.ft (2024)
• Chelliamman Nagar - II: Rs 400 per sq.ft (2024)
• Chelliamman 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or 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 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 Puthuper

The guideline value plays a crucial role in the registration process when buying or selling property in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Nagar?

The current guideline value of Dhanalakshmi Nagar is Rs 400 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 significant increases and decreases over the years. From 2007 to 2012, it increased from Rs 40 to Rs 400, then decreased to Rs 268 in 2017, and has remained at Rs 400 since 2023.

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

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. This office handles all registration activities for the area.

How is the stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would amount to Rs 28,000.