Guideline Value for Dhenugambal Nagar Kattabomman Street

Dhenugambal Nagar Kattabomman Street guideline value

The current guideline value of Dhenugambal Nagar Kattabomman 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 Kattabomman Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values 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, making the current value of Dhenugambal Nagar Kattabomman Street below this median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar Kattabomman 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. Note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhenugambal Nagar Kattabomman Street?

The Dhenugambal Nagar Kattabomman 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.

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

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Dhenugambal Nagar Kattabomman 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 seen a 10% increase from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There was no change from 2012 to 2023.

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 calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for this street?

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

What is the land classification of Dhenugambal Nagar Kattabomman Street?

Dhenugambal Nagar Kattabomman Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.