Guideline Value for Dhanusha Nagar

Dhanusha Nagar guideline value

The current guideline value of Dhanusha Nagar in Madambakkam village, under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dhanusha Nagar has changed

Over the years, the guideline value for Dhanusha Nagar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest 2024 revision has further increased it to Rs 1,900 per sq.ft.

Specifically, from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, when comparing the 2012 and 2024 revisions, there has been a slight increase of 6% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, making the current value of Dhanusha Nagar below this median.

• Dhanusha Nagar 1st Street: Rs 1,900 per sq.ft (2024)
• Dhanusha Nagar 2nd Street: Rs 1,900 per sq.ft (2024)
• Dhanusha Nagar Cross Street: Rs 1,900 per sq.ft (2024)
• Dhanusha Nagar Main Road: Rs 1,900 per sq.ft (2024)
• Dhanusha Nagar Phase I: Rs 1,900 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanusha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total charges to Rs 1,71,000. 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 more details.

Which Sub Registrar Office covers Dhanusha Nagar?

The Sub Registrar Office that covers Dhanusha Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official value of the property. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Dhanusha Nagar?

The current guideline value of Dhanusha Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Dhanusha Nagar?

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

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Dhanusha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 1,900 per sq.ft would incur a total guideline value of Rs 19,00,000, leading to a stamp duty of Rs 1,33,000.