Guideline Value for Dharshan Nagar

Dharshan Nagar guideline value

The current guideline value of Dharshan Nagar, located in Mambakkam village under the Madurandakam SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Dharshan Nagar has changed

The guideline value for Dharshan Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 201 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 300 per sq.ft, and the most recent revision in 2024 raised it to Rs 330 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%, reaching Rs 300 per sq.ft. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%.

Guideline values in Mambakkam

Mambakkam village has 26 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 770 per sq.ft, with the median value being Rs 330 per sq.ft. Dharshan Nagar's 2024 guideline value is equal to this median.

• Dr Gs Garden: Rs 770 per sq.ft (2024)
• Anna Nagar: Rs 330 per sq.ft (2024)
• Anani Narasammal Nagar: Rs 330 per sq.ft (2024)
• Mambakkam Bajanaikoil Street: Rs 330 per sq.ft (2024)
• Mambakkam Gurukulam: Rs 330 per sq.ft (2024)
• Mambakkam Kattu Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Dharshan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dharshan Nagar?

The Sub Registrar Office that covers Dharshan 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 details.

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

The guideline value is a crucial factor during property transactions in Mambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs that buyers must pay when registering a property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dharshan Nagar?

The current guideline value of Dharshan Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Dharshan Nagar?

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

How is stamp duty calculated for property in Dharshan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 3,30,000, the stamp duty would be Rs 23,100.

What are the other streets in Mambakkam with guideline values?

Other streets in Mambakkam include Dr Gs Garden with Rs 770 per sq.ft, and several streets like Anna Nagar and Mambakkam Bajanaikoil Street with Rs 330 per sq.ft as of 2024.