Guideline Value for Sri Dhanalakshmi Nagar

Sri Dhanalakshmi Nagar guideline value

The current guideline value of Sri Dhanalakshmi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Dhanalakshmi Nagar has changed

The guideline value for Sri Dhanalakshmi Nagar has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it dropped to Rs 268 per sq.ft in 2017. From 2017 to 2023, the value rose significantly by 49%, bringing it back to Rs 400 per sq.ft in 2023, which remained unchanged in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, making the guideline value of Sri Dhanalakshmi Nagar below this median.

• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sivaji Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Avenue: Rs 500 per sq.ft (2024)
• Selvi Nagar Phase- III: Rs 800 per sq.ft (2024)
• Selvi Nagar Phase - II: Rs 672 per sq.ft (2024)
• Selvi Nagar: Rs 672 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 rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 precise calculations.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar?

The Sub Registrar Office covering Sri Dhanalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees when buying or selling properties. The guideline value is set by the government and is periodically revised based on various factors.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Dhanalakshmi Nagar?

The current guideline value of Sri Dhanalakshmi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft, unchanged from 2023. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Dhanalakshmi Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Dhanalakshmi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification for Sri Dhanalakshmi Nagar?

Sri Dhanalakshmi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.