Guideline Value for Dhenugambal Nagar Iink Street

Dhenugambal Nagar Iink Street guideline value

The current guideline value of Dhenugambal Nagar Iink 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 is classified as Residential Special Type - I.

How the guideline value of Dhenugambal Nagar Iink Street has changed

The guideline value for Dhenugambal Nagar Iink Street has undergone several revisions over the years. The oldest revision available is from 2012, which set the guideline value at Rs 2,000 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 in this area is Rs 2,400 per sq.ft, and Dhenugambal Nagar Iink Street's 2024 figure is below that median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar Iink 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, leading to a total cost 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 also use our stamp duty and registration fee calculator for more personalized estimates.

Which Sub Registrar Office covers Dhenugambal Nagar Iink Street?

The Sub Registrar Office that covers Dhenugambal Nagar Iink Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within 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 critical factor during the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it influences the overall transaction costs. The registration office uses this value to assess the applicable fees, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Dhenugambal Nagar Iink 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 2012 to 2023, before increasing to Rs 2,200 per sq.ft in 2024. Overall, this represents a 10% increase from 2012 to 2024.

What is the land classification for Dhenugambal Nagar Iink Street?

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

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

Stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total cost of Rs 1,98,000 in fees.

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

The Selaiyur Sub Registrar Office covers Dhenugambal Nagar Iink Street and is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.