Guideline Value for Dhenugambal Nagar Cross Street

Dhenugambal Nagar Cross Street guideline value

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

How the guideline value of Dhenugambal Nagar Cross Street has changed

The guideline value for Dhenugambal Nagar Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 2,000 per sq.ft. The most recent 2024 revision increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

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

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, placing Dhenugambal Nagar Cross Street's 2024 value below this median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar 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 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.

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

Which Sub Registrar Office covers Dhenugambal Nagar Cross Street?

The Sub Registrar Office that covers Dhenugambal Nagar 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 is a crucial factor in the registration process when buying or selling property in Madambakkam. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Dhenugambal Nagar 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 has remained at Rs 2,000 per sq.ft from the 2012 revision until the 2023 revision. In 2024, it increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft. Dhenugambal Nagar Cross Street's 2024 value is below this median.

What are the stamp duty and registration fees for property in Dhenugambal Nagar Cross Street?

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 can I find the Sub Registrar Office for Dhenugambal Nagar Cross Street?

The Sub Registrar Office for Dhenugambal Nagar Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.