Guideline Value for Sri Dhanalaxmi Nagar

Sri Dhanalaxmi Nagar guideline value

The current guideline value of Sri Dhanalaxmi Nagar, located in Vellanthangal village under the Sriperumpudur SRO, is Rs 650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Dhanalaxmi Nagar has changed

The guideline value for Sri Dhanalaxmi Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 650 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease of 33% from the previous figure of Rs 650 per sq.ft in 2012, with the new value set at Rs 435 per sq.ft. The 2023 revision kept the value steady at Rs 650 per sq.ft, and the 2024 revision also maintained this figure, showing no change from the previous year.

Overall, comparing the 2012 revision to the 2024 revision, there has been no change, with the value remaining at Rs 650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Vellanthangal

In Vellanthangal, there are 9 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 300 to Rs 3,300 per sq.ft. The median value for these streets is Rs 650 per sq.ft, which is equal to the guideline value of Sri Dhanalaxmi Nagar.

• Symphony Phase -I: Rs 3,300 per sq.ft (2024)
• Symphony Phase -II: Rs 3,300 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar Part III: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Vgn Brixton: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhanalaxmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 650 per sq.ft, the guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees to Rs 58,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Dhanalaxmi Nagar?

The Sub Registrar Office that covers Sri Dhanalaxmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vellanthangal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Dhanalaxmi Nagar?

The current guideline value of Sri Dhanalaxmi Nagar is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 650 per sq.ft since 2012, with a decrease to Rs 435 per sq.ft in 2017. However, it returned to Rs 650 per sq.ft in 2023 and has not changed in 2024.

What is the land classification for Sri Dhanalaxmi Nagar?

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

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

The Sub Registrar Office for Sri Dhanalaxmi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 650 per sq.ft would incur a total fee of Rs 58,500.