Guideline Value for Dhanam Nagar

Dhanam Nagar guideline value

The current guideline value of Dhanam Nagar, located in Kendiracherry village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhanam Nagar has changed

The guideline value for Dhanam Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 100 per sq.ft, which remained unchanged in the 2012 revision. However, in 2017, it decreased to Rs 67 per sq.ft, reflecting a 33% drop. The value then rose significantly to Rs 100 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing no change between these two years.

There are no figures available for the years 2002 and 2003 for this street in the register. Overall, from the 2007 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Kendiracherry

Kendiracherry village has a total of 17 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value of Dhanam Nagar is equal to this median.

• Green Park: Rs 100 per sq.ft (2024)
• Iyshwarya city: Rs 100 per sq.ft (2024)
• Iyshwarya City II: Rs 100 per sq.ft (2024)
• Iyshwarya City III: Rs 100 per sq.ft (2024)
• Iyshwarya City IV: Rs 100 per sq.ft (2024)
• Ambedkar Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty is charged at 7%, amounting to Rs 7,000, while the registration fee is 2%, totaling Rs 2,000. Therefore, the combined cost for these fees would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhanam Nagar?

The Sub Registrar Office that covers Dhanam 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 Kendiracherry

The guideline value plays a crucial role in property transactions in Kendiracherry, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When registering a property, the guideline value is often used as a benchmark to assess the transaction's worth, ensuring that the government receives appropriate revenue through stamp duty and registration fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Dhanam Nagar?

The current guideline value of Dhanam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 67 per sq.ft in 2017 from Rs 100 per sq.ft in 2012. It then rose back to Rs 100 per sq.ft in 2023 and 2024.

What are the other streets with the same guideline value in Kendiracherry?

In Kendiracherry, several other streets have the same guideline value of Rs 100 per sq.ft, including Green Park, Iyshwarya City, and Ambedkar Nagar, among others.

How is stamp duty calculated for properties in Dhanam Nagar?

Stamp duty for properties in Dhanam Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Dhanam Nagar?

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