Guideline Value for Dharmaraj Nagar

Dharmaraj Nagar guideline value

The current guideline value of Dharmaraj Nagar, located in Madambakkam village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Special Type - I.

How the guideline value of Dharmaraj Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw the value return to Rs 1,200 per sq.ft, and this value has been maintained in the 2024 revision, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been no change, with the guideline value remaining at Rs 1,200 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, placing Dharmaraj Nagar's 2024 figure at the median value.

• Devanchi Nagar: Rs 1,200 per sq.ft (2024)
• Dr.Srinivasan Nagar: Rs 1,200 per sq.ft (2024)
• CMFRI Nagar: Rs 1,200 per sq.ft (2024)
• Ganapathi Nagar Extn-I & II: Rs 1,200 per sq.ft (2024)
• Gandhiji Nagar: Rs 1,200 per sq.ft (2024)
• Gandhi Nagar I & II: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Dharmaraj Nagar?

The Sub Registrar Office that covers Dharmaraj Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor in property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it's essential to be aware of the guideline value to ensure compliance with legal requirements and to avoid any disputes during the registration process. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Dharmaraj Nagar?

The current guideline value of Dharmaraj Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 1,200 per sq.ft in both the 2023 and 2024 revisions. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification of Dharmaraj Nagar?

Dharmaraj Nagar is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator for accurate figures based on the guideline value.

Which office handles registrations for Dharmaraj Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Dharmaraj Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.