Guideline Value for SRI DANALAKSHMI NAGAR

Sri Danalakshmi Nagar guideline value

The current guideline value for Sri Danalakshmi Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Danalakshmi Nagar has changed

Looking at the historical revisions, the guideline value for Sri Danalakshmi Nagar was Rs 250 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 167 per sq.ft, marking a 50% increase from 2017 to 2023. In the 2012 revision, the value was Rs 250 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 250 per sq.ft.

The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Sri Danalakshmi Nagar is above this median.

• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Ranga Natha Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Shanthi Nagar: Rs 200 per sq.ft (2024)
• St.Marys Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Danalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Sri Danalakshmi Nagar?

The Sri Danalakshmi Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Venmanamputhur. It determines the minimum price at which a property can be registered, ensuring that the government receives due revenue from the transaction.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Sri Danalakshmi Nagar?

The current guideline value for Sri Danalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Venmanamputhur with their guideline values?

Other streets in Venmanamputhur include Sri Balaji Nagar, Sri Ranga Natha Nagar, Sri Sai Sakthi Nagar, Sri Venkateswara Nagar, Shanthi Nagar, and St.Marys Nagar, all with a guideline value of Rs 200 per sq.ft for 2024.

What is the registration fee for property in Sri Danalakshmi Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 2,50,000, the registration fee would be Rs 5,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Sri Danalakshmi Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information by visiting the relevant link.