Guideline Value for SAI DHANALAKSHMI NAGAR

Sai Dhanalakshmi Nagar guideline value

The current guideline value of Sai Dhanalakshmi Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Seethalamangalam village, under the jurisdiction of the Madurandakam SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Sai Dhanalakshmi Nagar has changed

The guideline value for Sai Dhanalakshmi Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 67 per sq.ft, reflecting a decrease of 33%. In 2023, the value increased to Rs 100 per sq.ft, and then in 2024, it rose slightly to Rs 101 per sq.ft, marking a 1% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by just 1%. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Guideline values in Seethalamangalam

In Seethalamangalam village, there are five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 300 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Sai Dhanalakshmi Nagar's 2024 guideline value is below this median.

• Varalakshmi Garden & Extension: Rs 300 per sq.ft (2024)
• Victory Nagar: Rs 300 per sq.ft (2024)
• J.P. Roberts Residency: Rs 300 per sq.ft (2024)
• Dharsini Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value amounts to Rs 1,01,000. The stamp duty at 7% would be Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total cost for these fees to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Dhanalakshmi Nagar?

The Sub Registrar Office that covers Sai Dhanalakshmi Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Seethalamangalam. It determines the minimum value at which property transactions are recorded, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to calculate the applicable fees, which are charged on the higher of the guideline value or the actual sale price. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sai Dhanalakshmi Nagar?

The current guideline value of Sai Dhanalakshmi Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What is the land classification for Sai Dhanalakshmi Nagar?

The land classification for Sai Dhanalakshmi Nagar is Mixed Type - III.

Which office handles registrations for Sai Dhanalakshmi Nagar?

The Madurandakam Sub Registrar Office handles registrations for Sai Dhanalakshmi Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sai Dhanalakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 101 per sq.ft, the total stamp duty would be Rs 7,070.