Guideline Value for DHANABAKKIYAM NAGAR

Dhanabakkiyam Nagar guideline value

The current guideline value of Dhanabakkiyam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Sirunallur village, under the Madurandakam SRO, with a land classification of Mixed Type - I.

How the guideline value of Dhanabakkiyam Nagar has changed

The guideline value for Dhanabakkiyam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 300 per sq.ft. The 2024 revision has retained this value, showing no change from the previous year.

Looking back further, the 2017 revision was a decrease of 33% from the 2012 figure. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Sirunallur

In Sirunallur, there are 16 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median of Rs 175 per sq.ft. Dhanabakkiyam Nagar's 2024 figure of Rs 300 per sq.ft is above this median.

• Ambal Nagar: Rs 150 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Maharishi Vedhathiri Nagar: Rs 102 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)
• Sai Serveshwara Garden: Rs 250 per sq.ft (2024)
• Shakthi Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanabakkiyam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator to estimate these costs.

Which Sub Registrar Office covers Dhanabakkiyam Nagar?

The Sub Registrar Office that covers Dhanabakkiyam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. This value helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Dhanabakkiyam Nagar?

The current guideline value of Dhanabakkiyam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Dhanabakkiyam Nagar?

Dhanabakkiyam Nagar is classified as Mixed Type - I, which indicates the type of land use permitted in this area.

What are the stamp duty and registration fees for property in Dhanabakkiyam Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 27,000.

Where is the Sub Registrar Office for Dhanabakkiyam Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.