Guideline Value for Dhenu Ganapathi Nagar

Dhenu Ganapathi Nagar guideline value

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

How the guideline value of Dhenu Ganapathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 2,200 per sq.ft, reflecting a rise of 64% over this period. The overall change from 2012 to 2024 shows a modest increase of 10%.

The register does not provide figures for the years 2002, 2003, 2007, and 2023 for this street.

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 in this village is Rs 2,400 per sq.ft, which indicates that Dhenu Ganapathi Nagar's current value is below this median.

• Dhenugambal Nagar Muthamizh Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 2nd street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenu Ganapathi Nagar

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, resulting in a total of Rs 1,98,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar?

The Dhenu Ganapathi Nagar area 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Madambakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected costs associated with the transaction. It is essential to consider this value, as it plays a significant role in calculating the financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Dhenu Ganapathi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for property in Dhenu Ganapathi Nagar?

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 based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Dhenu Ganapathi Nagar?

The Selaiyur Sub Registrar Office covers Dhenu Ganapathi Nagar, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Dhenu Ganapathi Nagar?

Dhenu Ganapathi Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.