Guideline Value for Dhanaselvi Nagar

Dhanaselvi Nagar guideline value

The current guideline value of Dhanaselvi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Dhanaselvi Nagar has changed

The guideline value for Dhanaselvi Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rose significantly to Rs 1,500 per sq.ft in the 2023 revision, representing an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Dhanaselvi Nagar.

• Dhanalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Dharkas Nagar: Rs 990 per sq.ft (2024)
• Doctors Ashwili Garden: Rs 1,330 per sq.ft (2024)
• Devan Nagar: Rs 1,650 per sq.ft (2024)
• Deepu Nagar: Rs 880 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanaselvi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Dhanaselvi Nagar?

The Sub Registrar Office that covers Dhanaselvi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Varadarajapuram. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable stamp duty. This ensures that the transaction is compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Dhanaselvi Nagar?

The current guideline value of Dhanaselvi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Dhanaselvi Nagar?

The land classification for Dhanaselvi Nagar is Residential Special Type - II.

Where can I find the Sub Registrar Office for Dhanaselvi Nagar?

The Sub Registrar Office for Dhanaselvi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Dhanaselvi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 1,15,500.