Guideline Value for Dhenu Ganapathi Nagar 2nd street

Dhenu Ganapathi Nagar 2nd street guideline value

The current guideline value for Dhenu Ganapathi Nagar 2nd street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Dhenu Ganapathi Nagar 2nd street has changed

The guideline value for Dhenu Ganapathi Nagar 2nd street has undergone several revisions over the years. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. The next available figure was in 2012, where the guideline value was set at Rs 2,000 per sq.ft. This value increased to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +10% from the 2012 figure.

There are no recorded figures for the years 2003, 2007, 2017, and 2023 in the register for this street. The 2024 revision represents the most recent update to the guideline value, reflecting the current rate for property transactions in this area.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing the 2024 figure for Dhenu Ganapathi Nagar 2nd street below this median.

• Dhenu Ganapathi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Muthamizh Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenu Ganapathi Nagar 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Please 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 precise calculations based on your property details.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar 2nd street?

The Sub Registrar Office that covers Dhenu Ganapathi Nagar 2nd street 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 property transactions within Madambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Dhenu Ganapathi Nagar 2nd street?

The current guideline value for Dhenu Ganapathi Nagar 2nd street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 2,000 per sq.ft in 2012 and increased to Rs 2,200 per sq.ft in 2024, reflecting a change of +10%. There are no figures available for the years 2003, 2007, 2012, 2017, and 2023.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value for Dhenu Ganapathi Nagar 2nd street is below this median.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

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