Guideline Value for Dhanalakshmi Street

Dhanalakshmi Street guideline value

The current guideline value of Dhanalakshmi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Dhanalakshmi Street has changed

Over the years, the guideline value of Dhanalakshmi Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,100 per sq.ft. The register has no figure for this street in 2002, 2003, or 2007.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 indicates a modest increase of 10%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Dhanalakshmi Street's 2024 figure below that median.

• Dhanalakshmi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanalakshmi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhanalakshmi Street?

Dhanalakshmi Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Dhanalakshmi Street?

The current guideline value of Dhanalakshmi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,000 per sq.ft in 2012, Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and currently Rs 1,100 per sq.ft in 2024. The register has no figure for this street in 2002, 2003, or 2007.

What is the land classification of Dhanalakshmi Street?

Dhanalakshmi Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft. Dhanalakshmi Street's current guideline value is below this median.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.