Guideline Value for Dhenugambal Nagar Muthamizh Street

Dhenugambal Nagar Muthamizh Street guideline value

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

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value increased to Rs 2,000 per sq.ft, showing no change from the previous revision. However, the 2024 revision marked a significant increase of 10%, bringing the guideline value to Rs 2,200 per sq.ft.

There are no registered figures for Dhenugambal Nagar Muthamizh Street in the years 2002, 2003, 2007, and 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 value for these streets is Rs 2,400 per sq.ft, placing Dhenugambal Nagar Muthamizh Street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar Muthamizh 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 fees to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dhenugambal Nagar Muthamizh Street?

The Sub Registrar Office that covers Dhenugambal Nagar Muthamizh 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, Chengalpattu registration zone.

You can find your SRO for more information.

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

When buying or selling property in Madambakkam, the guideline value is used to determine the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure that the correct fees are calculated during the registration process.

The guideline value serves as a benchmark for property transactions, ensuring that the property is registered at a fair value. It is important to reference the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Dhenugambal Nagar Muthamizh 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 are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Dhenugambal Nagar Muthamizh Street?

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

What is the land classification for Dhenugambal Nagar Muthamizh Street?

The land classification for Dhenugambal Nagar Muthamizh Street is Residential Special Type - I.