Guideline Value for Dhenugambal Nagar Main Road

Dhenugambal Nagar Main Road guideline value

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

How the guideline value of Dhenugambal Nagar Main Road has changed

The guideline value for Dhenugambal Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no registered figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, and the guideline value for Dhenugambal Nagar Main Road is below this median.

• Dhenugambal Nagar Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Muthamizh Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Kattabomman Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar Kalaimagal 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 Dhenugambal Nagar Main Road

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 fees to 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 the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Dhenugambal Nagar Main Road?

The Sub Registrar Office that covers Dhenugambal Nagar Main Road 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 the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with legal requirements.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dhenugambal Nagar Main Road?

The current guideline value of Dhenugambal Nagar Main Road 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 2,200 per sq.ft in 2024, reflecting a 10% increase. The value remained the same at Rs 2,000 per sq.ft from 2012 to 2023.

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot at the current rate, the total guideline value is 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.

Which office handles the registration for Dhenugambal Nagar Main Road?

The Selaiyur Sub Registrar Office handles the registration for Dhenugambal Nagar Main Road, located in East Tambaram, Chennai.

What is the land classification for Dhenugambal Nagar Main Road?

Dhenugambal Nagar Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.