Guideline Value for SRI DHANALAKSHMI AVENUE

Sri Dhanalakshmi Avenue guideline value

The current guideline value of Sri Dhanalakshmi Avenue is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Thaiyur-A village under the Thiruporur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Sri Dhanalakshmi Avenue has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure was revised to Rs 1,200 per sq.ft in 2023, reflecting a significant increase of 49% over the six-year period. The register has no figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

The increase from Rs 804 to Rs 1,200 indicates a notable change in the guideline value, which is essential for property transactions in the area. Understanding these revisions helps buyers and sellers navigate the registration process more effectively.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Sri Dhanalakshmi Avenue is the only street mentioned in the context of guideline values under the Thiruporur SRO.

Stamp duty and registration fee for property in Sri Dhanalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total cost of Rs 1,08,000. 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 Dhanalakshmi Avenue?

The Sub Registrar Office that covers Sri Dhanalakshmi Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the transaction process.

When registering a property, the guideline value serves as a benchmark for the transaction value. It is essential for both parties to understand how this value impacts the overall costs associated with buying or selling property in Sri Dhanalakshmi Avenue and the surrounding areas.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Avenue?

The current guideline value of Sri Dhanalakshmi Avenue is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Sri Dhanalakshmi Avenue?

Sri Dhanalakshmi Avenue is classified under Residential Special Type - I land classification.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 12,00,000, leading to a total cost of Rs 1,08,000 in fees.