Guideline Value for SRI DHANALAKSHMI NAGAR

Sri Dhanalakshmi Nagar guideline value

The current guideline value of Sri Dhanalakshmi Nagar, located in Mappedu village under the Perambakkam SRO, is Rs 275 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sri Dhanalakshmi Nagar has changed

The guideline value for Sri Dhanalakshmi Nagar has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 275 per sq.ft, which was the same in the 2023 revision. The most recent 2024 revision also maintains this figure at Rs 275 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, there has been no change in the guideline value, remaining at Rs 275 per sq.ft. The changes between the revisions from 2017 to 2023 and from 2023 to 2024 also reflect a 0% change, confirming the stability of the guideline value during these periods.

Guideline values in Mappedu

In Mappedu village, there are 9 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, which is equal to the guideline value of Sri Dhanalakshmi Nagar.

• Sri Krishna Nagar: Rs 234 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 268 per sq.ft (2024)
• Star City: Rs 268 per sq.ft (2024)
• Thirukumaran Nagar: Rs 300 per sq.ft (2024)
• Sadasivam Nagar: Rs 275 per sq.ft (2024)
• Rose Garden: Rs 400 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 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total charges to Rs 24,750. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar?

The Sub Registrar Office that covers Sri Dhanalakshmi Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Mappedu. It is used to determine the amount of stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Nagar?

The current guideline value of Sri Dhanalakshmi Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Dhanalakshmi Nagar has remained at Rs 275 per sq.ft since 2017, with no changes recorded in the revisions for 2023 and 2024.

What is the land classification of Sri Dhanalakshmi Nagar?

Sri Dhanalakshmi Nagar is classified as Residential Class IV Type - I according to the local land classification regulations.

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

The Sub Registrar Office for Sri Dhanalakshmi Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

How is the stamp duty calculated for properties in Mappedu?

Stamp duty for properties in Mappedu is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.