Guideline Value

Corporate

Guideline Value for Dhaniya Lakshmi Street

₹1210/sq.ft.

The guideline value for Dhaniya Lakshmi Street in Mudichur village (Padappai SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mudichur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dhaniya Lakshmi Street

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Dhaniya Lakshmi Street guideline value

The current guideline value of Dhaniya Lakshmi Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village and falls under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Dhaniya Lakshmi Street has changed

Over the years, the guideline value of Dhaniya Lakshmi Street has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which was a decrease of 33% from Rs 737 per sq.ft in the 2017 revision. The value remained at Rs 1,100 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft. The most recent revision in 2024 raised the value to Rs 1,210 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 737 per sq.ft to Rs 1,100 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10% from Rs 1,100 per sq.ft to Rs 1,210 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Dhaniya Lakshmi Street is below this median.

Stamp duty and registration fee for property in Dhaniya Lakshmi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 Dhaniya Lakshmi Street?

The Sub Registrar Office covering Dhaniya Lakshmi Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the property registration process in Mudichur. It serves as the basis for calculating the stamp duty and registration fees that are required when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the registration reflects a fair value of the property being transacted.

Frequently asked questions

What is the current guideline value of Dhaniya Lakshmi Street?

The current guideline value of Dhaniya Lakshmi Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012.

What is the land classification for Dhaniya Lakshmi Street?

Dhaniya Lakshmi Street is classified as Residential Class II Type - I according to the local regulations.

Where can I find the registration office for properties in Mudichur?

The registration office for properties in Mudichur 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 properties in Dhaniya Lakshmi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 12,10,000, with stamp duty at 7% amounting to Rs 84,700.