Guideline Value for SRI DHANALAKSHMI AVENUE

Sri Dhanalakshmi Avenue guideline value

The current guideline value of Sri Dhanalakshmi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Dhanalakshmi Avenue has changed

The guideline value of Sri Dhanalakshmi Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value of Sri Dhanalakshmi Avenue.

• Sri Kamatchi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar Adithi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Sri Moogambikai Nagar Extn: Rs 2,860 per sq.ft (2024)
• Soosaiya Nagar: Rs 2,090 per sq.ft (2024)

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 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value will be considered along with the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Avenue?

The current guideline value of Sri Dhanalakshmi Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, moving from Rs 1,273 per sq.ft to the current Rs 2,090 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Dhanalakshmi Avenue?

For a 1,000 sq.ft property at the current guideline value, the stamp duty is Rs 1,46,300, and the registration fee is Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers the area of Sri Dhanalakshmi Avenue?

The Kunrathur Sub Registrar Office covers Sri Dhanalakshmi Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Dhanalakshmi Avenue?

Sri Dhanalakshmi Avenue is classified as Residential Special Type - I under the guideline value register.