Guideline Value for Dhenugambal Nagar 2nd Cross Street

Dhenugambal Nagar 2nd Cross Street guideline value

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

How the guideline value of Dhenugambal Nagar 2nd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 2,000 per sq.ft, but it increased by 10% to Rs 2,200 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes reflect a steady valuation, with the most significant adjustment occurring between 2023 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO, with guideline values for 2024 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, placing Dhenugambal Nagar 2nd Cross Street's value below the median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar 2nd Cross 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 charges 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.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhenugambal Nagar 2nd Cross Street?

The Sub Registrar Office that covers Dhenugambal Nagar 2nd Cross 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 details.

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

The guideline value serves as a reference point for the registration of property transactions in Madambakkam. When buying or selling property, this value is crucial for determining the applicable stamp duty and registration fees.

It is essential to be aware that the guideline value is used by the registration authorities to ensure that the property is registered at a value that reflects the prevailing rates in the area. Buyers and sellers should consider this value when negotiating sale prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dhenugambal Nagar 2nd Cross Street?

The current guideline value of Dhenugambal Nagar 2nd Cross 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 remained at Rs 2,000 per sq.ft from 2012 to 2023, before increasing to Rs 2,200 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the land classification for Dhenugambal Nagar 2nd Cross Street?

The land classification for Dhenugambal Nagar 2nd Cross Street is Residential Special Type - I.

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

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

Which office handles property registrations for this area?

The Selaiyur Sub Registrar Office handles property registrations for Dhenugambal Nagar 2nd Cross Street. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.