Guideline Value for Douwleth Bee Nagar

Douwleth Bee Nagar guideline value

The current guideline value of Douwleth Bee Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Douwleth Bee Nagar has changed

The guideline value for Douwleth Bee Nagar has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 804 per sq.ft. This value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, representing a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Douwleth Bee Nagar's 2024 figure is below this median.

• Dmante Avenue (Ward-18): Rs 1,600 per sq.ft (2024)
• Dilli Avenue, Ponniammanmedu (Ward-24): Rs 1,600 per sq.ft (2024)
• Dharmalingam Nagar Phase - I & Phase - II: Rs 2,200 per sq.ft (2024)
• Dhansingh Maistry St ( Ward No.17): Rs 1,600 per sq.ft (2024)
• Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street): Rs 1,600 per sq.ft (2024)
• Dhanasingh Maistry Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Douwleth Bee Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, the total cost for these charges would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Douwleth Bee Nagar?

The Sub Registrar Office covering Douwleth Bee Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration process of property transactions in Madhavaram. 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 duty and registration fees.

When buying or selling property, both parties must consider the guideline value as it influences the overall transaction costs. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Douwleth Bee Nagar?

The current guideline value of Douwleth Bee Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, representing a total increase of 62% over these years.

What is the registration office for Douwleth Bee Nagar?

The registration office for Douwleth Bee Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for property in Douwleth Bee Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find more information about guideline values in Madhavaram?

For more information about guideline values in Madhavaram, you can refer to the Registration Department's guideline value register or check other streets in Madhavaram for their respective rates.