Guideline Value for Dhanalakshmi Street (Extn.)

Dhanalakshmi Street (Extn.) guideline value

The current guideline value for Dhanalakshmi Street (Extn.) is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Dhanalakshmi Street (Extn.) has changed

The guideline value for Dhanalakshmi Street (Extn.) has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 1,340 per sq.ft. The value then rose again to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,160 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From the 2017 revision to 2023, there was a substantial increase of 49%. The guideline value saw an increase of 8% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 440%.

Guideline values in Nemilicherry

In Nemilicherry village, there are 172 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 2,160 per sq.ft, which is the same as the guideline value for Dhanalakshmi Street (Extn.).

• Dhanalakshmi Street: Rs 2,160 per sq.ft (2024)
• Dhanalakshmi Colony: Rs 2,160 per sq.ft (2024)
• Durai Pandian Street: Rs 2,160 per sq.ft (2024)
• Durairagubathi Street: Rs 2,160 per sq.ft (2024)
• Duraisamy Street/Nagar: Rs 2,160 per sq.ft (2024)
• Durikannu Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Street (Extn.)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. 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 more detailed calculations.

Which Sub Registrar Office covers Dhanalakshmi Street (Extn.)?

The Dhanalakshmi Street (Extn.) falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Nemilicherry. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must refer to the latest guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the current market conditions, and it helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Street (Extn.)?

The current guideline value of Dhanalakshmi Street (Extn.) is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, marking a total increase of 440% over the years.

What are the stamp duty and registration fees for property in Dhanalakshmi Street (Extn.)?

For a 1,000 sq.ft plot, the total guideline value is Rs 21,60,000, leading to a stamp duty of Rs 1,51,200 and a registration fee of Rs 43,200, totaling Rs 1,94,400.

Which office handles registrations for Dhanalakshmi Street (Extn.)?

The Pallavaram Sub Registrar Office handles registrations for Dhanalakshmi Street (Extn.), located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for Dhanalakshmi Street (Extn.)?

The land classification for Dhanalakshmi Street (Extn.) is Residential Class II Type - I.