Guideline Value for Dhenu Ganapathi Nagar 5th Street

Dhenu Ganapathi Nagar 5th Street guideline value

The current guideline value of Dhenu Ganapathi Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Dhenu Ganapathi Nagar 5th Street has changed

The guideline value for Dhenu Ganapathi Nagar 5th Street has undergone revisions over the years. The earliest recorded revision is from 2012, which set the guideline value at Rs 2,000 per sq.ft. In the latest 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% increase from the 2012 figure.

There are no recorded figures for this street in the revisions from 2002, 2003, 2007, 2017, and 2023. This means that the 2012 and 2024 figures are the only ones available for reference.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for the area is Rs 2,400 per sq.ft, placing the Dhenu Ganapathi Nagar 5th Street's 2024 figure below that median.

• Dhenu Ganapathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 2nd street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenu Ganapathi Nagar 5th 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 to Rs 1,98,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar 5th Street?

The Sub Registrar Office that covers Dhenu Ganapathi Nagar 5th 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 critical factor when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property transaction process.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations associated with the transaction. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Dhenu Ganapathi Nagar 5th Street?

The current guideline value of Dhenu Ganapathi Nagar 5th 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for this street in the revisions from 2002, 2003, 2007, 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 5th Street is below this median.

What fees are associated with buying property in Dhenu Ganapathi Nagar 5th Street?

When buying property, the stamp duty is set at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,98,000.

Which office handles the registration for Dhenu Ganapathi Nagar 5th Street?

The Selaiyur Sub Registrar Office handles the registration for Dhenu Ganapathi Nagar 5th Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.