Guideline Value for Sri Ambal Dhanalakshmi Nagar

Sri Ambal Dhanalakshmi Nagar guideline value

The current guideline value of Sri Ambal Dhanalakshmi Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024. This locality is situated in Vayallanallur village under the Poonamallee SRO, and it is classified as Commercial Class I Type - II land.

How the guideline value of Sri Ambal Dhanalakshmi Nagar has changed

The guideline value for Sri Ambal Dhanalakshmi Nagar has undergone several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision when it decreased to Rs 670 per sq.ft. The following revision in 2023 saw a significant increase to Rs 1,000 per sq.ft, which was then revised again in 2024 to the current rate of Rs 1,099 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. There was a substantial increase of 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vayallanallur

In Vayallanallur, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 439 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, placing Sri Ambal Dhanalakshmi Nagar's 2024 figure below this median.

• Silver Fields By Urban Tree Phase II: Rs 1,760 per sq.ft (2024)
• Supradeepam: Rs 550 per sq.ft (2024)
• Supradeepam Phase III: Rs 439 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Kamachi Nagar: Rs 660 per sq.ft (2024)
• Ashok Nandavanam Phase - II: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Dhanalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value amounts to Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total cost for these fees to Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ambal Dhanalakshmi Nagar?

The Sub Registrar Office that covers Sri Ambal Dhanalakshmi Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vayallanallur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. This prevents undervaluation of properties and ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ambal Dhanalakshmi Nagar?

The current guideline value of Sri Ambal Dhanalakshmi Nagar is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,000 per sq.ft in 2012, Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2023, and currently Rs 1,099 per sq.ft in 2024.

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

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930 and the registration fee would be Rs 21,980, totaling Rs 98,910.

Which office handles the registration for Sri Ambal Dhanalakshmi Nagar?

The Poonamallee Sub Registrar Office handles the registration for Sri Ambal Dhanalakshmi Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification of Sri Ambal Dhanalakshmi Nagar?

Sri Ambal Dhanalakshmi Nagar is classified as Commercial Class I Type - II land, which indicates its suitability for commercial activities.