Guideline Value for Dhenu Ganapathi Nagar 4th Street

Dhenu Ganapathi Nagar 4th Street guideline value

The current guideline value of Dhenu Ganapathi Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Dhenu Ganapathi Nagar 4th Street has changed

The guideline value for Dhenu Ganapathi Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, while the latest revision in 2024 raised it to Rs 2,200 per sq.ft, marking a 10% increase. There are no figures available 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 2024 figure reflects the current valuation, which is significant for property transactions in the 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, indicating that the 2024 figure for Dhenu Ganapathi Nagar 4th Street is below the median.

• Dhenu Ganapathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenu Ganapathi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar 4th Street?

The Dhenu Ganapathi Nagar 4th 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 is a crucial factor in property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the registration reflects a fair valuation based on the current market conditions.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process. Buyers and sellers must be aware of these values to ensure compliance with local regulations during registration.

Frequently asked questions

What is the current guideline value of Dhenu Ganapathi Nagar 4th Street?

The current guideline value of Dhenu Ganapathi Nagar 4th 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, representing a 10% increase. There are no figures available 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 4th Street is below this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,000.

Which office handles registrations for Dhenu Ganapathi Nagar 4th Street?

The Selaiyur Sub Registrar Office handles registrations for Dhenu Ganapathi Nagar 4th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.