Guideline Value for Dhanalakshmi Street(Banu Nagar West)

Dhanalakshmi Street(Banu Nagar West) guideline value

The current guideline value of Dhanalakshmi Street(Banu Nagar West) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Dhanalakshmi Street(Banu Nagar West) has changed

The guideline value for Dhanalakshmi Street(Banu Nagar West) has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent 2024 revision raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Dhanalakshmi Street(Banu Nagar West) is aligned with this median at Rs 2,200 per sq.ft.

• Dhanappan Street (Banu Nagar East): Rs 2,200 per sq.ft (2024)
• Dhakshinamurthy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Dhakshanamoorthy Street(1st Ward): Rs 1,600 per sq.ft (2024)
• Deepa Street: Rs 1,400 per sq.ft (2024)
• C.P.Chitarasu Street: Rs 1,900 per sq.ft (2024)
• DR. M. Varatharajan Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Street(Banu Nagar West)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers Dhanalakshmi Street(Banu Nagar West)?

The Sub Registrar Office that covers Dhanalakshmi Street(Banu Nagar West) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Oragadam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When you register a property, the authorities will assess the guideline value to ensure that the appropriate taxes are levied. This ensures transparency in the property transaction process and helps in maintaining a standard valuation across the region.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Street(Banu Nagar West)?

The current guideline value of Dhanalakshmi Street(Banu Nagar West) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the guideline value of Rs 22,00,000.

Which Sub Registrar Office covers Dhanalakshmi Street(Banu Nagar West)?

The Ambattur Sub Registrar Office covers Dhanalakshmi Street(Banu Nagar West), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Oragadam?

The guideline value for properties in Oragadam is determined based on various factors, including land classification and recent revisions in property values. The current values are published by the Registration Department's guideline value register.