Guideline Value for SRI DHALAKSHMI NAGAR

Sri Dhalakshmi Nagar guideline value

The current guideline value of Sri Dhalakshmi Nagar is Rs 3,740 per sq.ft, effective from 1 July 2024. This area is located in Kolapakkam village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri Dhalakshmi Nagar has changed

The guideline value for Sri Dhalakshmi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 2,278 per sq.ft, which increased to Rs 3,400 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 3,740 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not established during those revisions.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sri Dhalakshmi Nagar is above this median.

• Sri Ganesh Nagar: Rs 2,750 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,650 per sq.ft (2024)
• Sri Arunagiriyar Street: Rs 1,650 per sq.ft (2024)
• Sri Amman Nagar: Rs 1,650 per sq.ft (2024)
• Sree Kanniyammal Garden Layout: Rs 1,980 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,740 per sq.ft, the total guideline value amounts to Rs 37,40,000. The stamp duty at 7% would be Rs 2,61,800, and the registration fee at 2% would be Rs 74,800, bringing the total fees to Rs 3,36,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Dhalakshmi Nagar?

The Sub Registrar Office covering Sri Dhalakshmi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an important factor during property transactions in Kolapakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the transaction is conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Dhalakshmi Nagar?

The current guideline value of Sri Dhalakshmi Nagar is Rs 3,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,278 per sq.ft in 2017 to Rs 3,740 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Kolapakkam and their guideline values?

Other streets in Kolapakkam include Sri Ganesh Nagar at Rs 2,750 per sq.ft, Sri Balaji Nagar, Sri Arunagiriyar Street, and Sri Amman Nagar at Rs 1,650 per sq.ft each, Sree Kanniyammal Garden Layout at Rs 1,980 per sq.ft, and Sri Mahalakshmi Nagar at Rs 2,750 per sq.ft.

What is the stamp duty rate for property in Sri Dhalakshmi Nagar?

The stamp duty rate for property transactions in Sri Dhalakshmi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Dhalakshmi Nagar?

The Sub Registrar Office for Sri Dhalakshmi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.