Guideline Value for Dhenugambal Nagar

Dhenugambal Nagar guideline value

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

How the guideline value of Dhenugambal Nagar has changed

The guideline value for Dhenugambal Nagar has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The subsequent revision in 2023 increased the value to Rs 2,000 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 2,200 per sq.ft, reflecting a 10% increase.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with a 2024 guideline value range 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, placing the current value of Dhenugambal Nagar below that median.

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

Stamp duty and registration fee for property in Dhenugambal Nagar

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, totaling 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhenugambal Nagar?

The Sub Registrar Office that covers Dhenugambal Nagar 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 information.

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

When buying or selling property in Madambakkam, the guideline value plays a crucial role in the registration process. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware that the guideline value is set by the government and can vary from one locality to another.

It is essential to ensure that the guideline value is accurately reflected in the sale agreement, as it affects the overall cost of the transaction. This value is also considered by the registration office to assess the legitimacy of the sale price.

Frequently asked questions

What is the current guideline value of Dhenugambal Nagar?

The current guideline value of Dhenugambal Nagar 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current guideline value of Dhenugambal Nagar.

What are the stamp duty rates for property in Dhenugambal Nagar?

The stamp duty rate for property in Dhenugambal Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Dhenugambal Nagar located?

The Sub Registrar Office for Dhenugambal Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.