Guideline Value for Dhanalakshmi Nagar

Dhanalakshmi Nagar guideline value

The current guideline value of Dhanalakshmi Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I 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 earliest recorded revision is from 2007, where the value was Rs 65 per sq.ft. This figure increased significantly to Rs 250 per sq.ft in 2012, marking a rise of 285%. However, it then decreased to Rs 167 per sq.ft in 2017, a drop of 33%. The value remained at Rs 250 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 50%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 285%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Dhanalakshmi Nagar's 2024 figure above that median.

• Dhanapriya Nagar: Rs 226 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Golden Avenue: Rs 250 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, leading to a total of Rs 22,500. 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 covering Dhanalakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Koozhangacheri. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential components of the transaction process and must be factored into the overall cost of buying or selling property in the area.

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 changed from Rs 65 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and remained at Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Dhanalakshmi Nagar?

Dhanalakshmi Nagar is classified as Residential Class I Type - I, indicating it is primarily designated for residential purposes.

Where can I find the registration office for Dhanalakshmi Nagar?

The registration office for Dhanalakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Dhanalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.