Guideline Value for Dhenu Ganapathi Nagar 3rd Street

Dhenu Ganapathi Nagar 3rd Street guideline value

The current guideline value of Dhenu Ganapathi Nagar 3rd 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Dhenu Ganapathi Nagar 3rd Street has changed

The guideline value for Dhenu Ganapathi Nagar 3rd Street has seen changes over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was later revised to Rs 2,200 per sq.ft in 2024, marking a 10% increase. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the guideline value increased from Rs 2,000 to Rs 2,200 per sq.ft. The previous revisions in 2002, 2003, 2007, and 2017 do not have any figures recorded for this street, indicating that the register has not updated the values for these years.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Dhenu Ganapathi Nagar 3rd Street's current value below the median.

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

Stamp duty and registration fee for property in Dhenu Ganapathi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would amount to Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar 3rd Street?

The Dhenu Ganapathi Nagar 3rd Street falls under 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 plays a crucial role during property registration in Madambakkam. It is used as a basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded at a fair value as determined by the government.

When a buyer or seller engages in a property transaction, the guideline value is referenced to determine the minimum value at which the property can be registered. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhenu Ganapathi Nagar 3rd Street?

The current guideline value of Dhenu Ganapathi Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

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 3rd Street is currently below this median.

What are the stamp duty and registration fees for properties 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. Duty is charged on the higher of the guideline value or the sale price.

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. This office handles registrations for properties in Dhenu Ganapathi Nagar 3rd Street.