Guideline Value for Sri Ambal Dhanalakshmi Nagar

Sri Ambal Dhanalakshmi Nagar guideline value

The current guideline value of Sri Ambal Dhanalakshmi Nagar is Rs 1,097 per sq.ft, effective from 1 July 2024. This area is located in Vayallanallur_b village under the Poonamallee SRO, classified as Commercial Class I Type - II.

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. The most recent revision in 2024 set the value at Rs 1,097 per sq.ft, an increase of 10% from the 2023 revision figure of Rs 1,000 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 670 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This steady rise reflects changes in the property market and land classification in the area.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft, with a median value of Rs 1,640 per sq.ft. The guideline value of Sri Ambal Dhanalakshmi Nagar is below this median.

• Supradeepam: Rs 548 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,925 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Muthu Nagar: Rs 1,640 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 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 1,097 per sq.ft, the total guideline value amounts to Rs 10,97,000. The stamp duty at 7% would be Rs 76,790, and the registration fee at 2% would be Rs 21,940, bringing the total fees together to Rs 98,730. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ambal Dhanalakshmi Nagar?

Sri Ambal Dhanalakshmi Nagar falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

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

When a property is registered, the authorities will assess the guideline value to calculate the applicable duties. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

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 1,097 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 670 per sq.ft to Rs 1,097 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 10,97,000, the stamp duty would be Rs 76,790 and the registration fee would be Rs 21,940, totaling Rs 98,730.

Which office handles property registrations in Sri Ambal Dhanalakshmi Nagar?

The Poonamallee Sub Registrar Office handles property registrations 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, which influences its guideline value and potential uses.