Guideline Value for SRI DHANALAKSHMI NAGAR

Sri Dhanalakshmi Nagar guideline value

The current guideline value of Sri Dhanalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Kunnavakkam village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Dhanalakshmi Nagar has changed

Over the years, the guideline value of Sri Dhanalakshmi Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 300 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

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

Guideline values in Kunnavakkam

In Kunnavakkam village, there are five streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 126 to Rs 300 per sq.ft. The median value among these streets is Rs 150 per sq.ft, positioning Sri Dhanalakshmi Nagar above this median.

• Sri Munuswamy Nagar: Rs 126 per sq.ft (2024)
• Sri Raghava Nagar: Rs 150 per sq.ft (2024)
• Sumathi Ammal Nagar: Rs 200 per sq.ft (2024)
• Kalyan Real Estate Little Forms: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar?

The Sub Registrar Office that covers Sri Dhanalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kunnavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction reflects the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Nagar?

The current guideline value of Sri Dhanalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024 and 2023. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

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

Other streets in Kunnavakkam include Sri Munuswamy Nagar at Rs 126 per sq.ft, Sri Raghava Nagar at Rs 150 per sq.ft, Sumathi Ammal Nagar at Rs 200 per sq.ft, and Kalyan Real Estate Little Forms at Rs 150 per sq.ft, all for the year 2024.

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

The stamp duty for a property valued at Rs 3,00,000 is Rs 21,000, while the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sri Dhanalakshmi Nagar?

The Walajabad Sub Registrar Office handles the registration for Sri Dhanalakshmi Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.