Guideline Value for DHANABAGYAM NAGAR

Dhanabagyam Nagar guideline value

The current guideline value of Dhanabagyam Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Minjur village and falls under the Ponneri SRO, classified as Residential Special Type - II.

How the guideline value of Dhanabagyam Nagar has changed

The guideline value for Dhanabagyam Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 raised the guideline value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Dhanabagyam Nagar's 2024 figure above this median.

• Deva Avenue: Rs 550 per sq.ft (2024)
• Deepika Avenue: Rs 580 per sq.ft (2024)
• D.K.R Nagar: Rs 1,320 per sq.ft (2024)
• D.B.R Nagar: Rs 550 per sq.ft (2024)
• C.S.S. Chetty Nagar Part: Rs 440 per sq.ft (2024)
• C.K.G. Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanabagyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 precise calculations.

Which Sub Registrar Office covers Dhanabagyam Nagar?

Dhanabagyam Nagar is covered by the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhanabagyam Nagar?

The current guideline value of Dhanabagyam Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for properties in Dhanabagyam Nagar?

The stamp duty rate for properties in Dhanabagyam Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Dhanabagyam Nagar?

The Ponneri Sub Registrar Office handles property registrations for Dhanabagyam Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Where can I find more information on guideline values in Minjur?

More information on guideline values in Minjur can be found in the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.