Guideline Value for Dhenugambal Nagar 1st Main Road

Dhenugambal Nagar 1st Main Road guideline value

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

How the guideline value of Dhenugambal Nagar 1st Main Road has changed

The guideline value for Dhenugambal Nagar 1st Main Road has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 figure of Rs 2,000 per sq.ft. Prior to that, the guideline value remained unchanged from 2012 to 2023, with the 2012 revision also at Rs 2,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The consistent value from 2012 to 2023 indicates stability in the guideline value during that period, while the recent increase reflects a change in the valuation process.

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 for these streets is Rs 2,400 per sq.ft, which means that the guideline value of Dhenugambal Nagar 1st Main Road is below the median.

• Dhenugambal Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Dhenugambal Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenugambal Nagar 1st 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 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 charges to 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 Dhenugambal Nagar 1st Main Road?

The Sub Registrar Office that covers Dhenugambal Nagar 1st 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 property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is at least equal to the guideline value to avoid any legal issues. This value serves as a benchmark for property transactions, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhenugambal Nagar 1st Main Road?

The current guideline value of Dhenugambal Nagar 1st 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 remained at Rs 2,000 per sq.ft from 2012 to 2023, and then increased by 10% to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification for Dhenugambal Nagar 1st Main Road?

Dhenugambal Nagar 1st Main Road is classified as Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

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. These fees are based on the guideline value or the sale price, whichever is higher.

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 property registrations for the area.