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 area is located in Valarpuram village under the Sriperumpudur SRO, classified as Residential Class II 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 100 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it dropped to Rs 201 per sq.ft in 2017, before stabilizing at Rs 300 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Dhanalakshmi Nagar.

• Devi Karumariamman Nagar: Rs 300 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)
• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Chinna Valarpuram Mainroad: Rs 400 per sq.ft (2024)
• Chettiyar Street: Rs 200 per sq.ft (2024)
• Eswari 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, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Duty is charged on the higher of the guideline value or the sale price. For more information, 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 details.

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

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

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Dhanalakshmi Nagar?

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

Where is the Sub Registrar Office for Dhanalakshmi Nagar located?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 3,00,000, the stamp duty would be Rs 21,000.