Guideline Value for Dhanush Nagar

Dhanush Nagar guideline value

The current guideline value of Dhanush Nagar, located in Vilangadupakkam village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Dhanush Nagar has changed

Over the years, the guideline value of Dhanush Nagar has seen significant changes. The earliest recorded value was Rs 22 per sq.ft in 2003, which increased dramatically to Rs 200 per sq.ft by 2007, marking a rise of 809%. In 2012, the value adjusted to Rs 400 per sq.ft, and then decreased to Rs 268 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 400 per sq.ft in 2023, before reaching the current rate of Rs 440 per sq.ft in 2024, a 10% increase.

From 2017 to 2023, the value increased by 49%, and overall, from 2003 to 2024, the guideline value has surged by 1900%. The register has no figure for the year 2002 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median value being Rs 440 per sq.ft. Dhanush Nagar's 2024 figure aligns with this median.

• Dhargas Road: Rs 440 per sq.ft (2024)
• Dhakshana Moorthy Nagar: Rs 440 per sq.ft (2024)
• Gandhi Nagar: Rs 550 per sq.ft (2024)
• Bose Nagar Annex: Rs 440 per sq.ft (2024)
• Bose Nagar: Rs 440 per sq.ft (2024)
• Boopalan Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanush Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to 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 Dhanush Nagar?

The Sub Registrar Office that covers Dhanush Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vilangadupakkam. 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 serves as a reference point for both parties. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the associated fees.

Frequently asked questions

What is the current guideline value of Dhanush Nagar?

The current guideline value of Dhanush Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 22 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with various increases and decreases over the years.

What is the land classification for Dhanush Nagar?

Dhanush Nagar is classified as Residential Class III Type - I, indicating its designation for residential development.

What are the stamp duty and registration fees for a property in Dhanush Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Dhanush Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.