Guideline Value for Dhenugambal Nagar Kalaimagal Street

Dhenugambal Nagar Kalaimagal Street guideline value

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

How the guideline value of Dhenugambal Nagar Kalaimagal Street has changed

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

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

Guideline values in Madambakkam

In Madambakkam, there are 1,151 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 guideline value in the village is Rs 2,400 per sq.ft, which means that the current value of Dhenugambal Nagar Kalaimagal Street is below this median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar Kalaimagal 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 to Rs 1,98,000. Please note that 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 detailed calculations.

Which Sub Registrar Office covers Dhenugambal Nagar Kalaimagal Street?

The Dhenugambal Nagar Kalaimagal Street falls under 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Madambakkam. It serves as a benchmark for determining the registration fees and stamp duty that need to be paid during the sale or purchase of property.

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

Frequently asked questions

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

The current guideline value of Dhenugambal Nagar Kalaimagal 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. However, it increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

What is the land classification for Dhenugambal Nagar Kalaimagal Street?

Dhenugambal Nagar Kalaimagal Street is classified as Residential Special Type - I.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total guideline value of Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

Where can I find the Sub Registrar Office for this area?

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