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Guideline Value

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Guideline Value for Gayathri Avenue-Dhanush Nagar

₹1700/sq.ft.

The guideline value for Gayathri Avenue-dhanush Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gayathri Avenue-dhanush Nagar

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Gayathri Avenue-Dhanush Nagar guideline value

The current guideline value of Gayathri Avenue-Dhanush Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Madambakkam village, under the Selaiyur SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Gayathri Avenue-Dhanush Nagar has changed

The guideline value for Gayathri Avenue-Dhanush Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,600 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was again Rs 1,600 per sq.ft, but it increased to Rs 1,700 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street in the register.

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 this area is Rs 2,400 per sq.ft, which means that the guideline value of Gayathri Avenue-Dhanush Nagar is below this median.

Stamp duty and registration fee for property in Gayathri Avenue-Dhanush Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gayathri Avenue-Dhanush Nagar?

The Gayathri Avenue-Dhanush Nagar area 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 plays a crucial role 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. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. It is essential for both parties to agree on a sale price that is at least equal to or greater than the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Gayathri Avenue-Dhanush Nagar?

The current guideline value of Gayathri Avenue-Dhanush Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,600 per sq.ft from 2012 to 2023, before increasing to Rs 1,700 per sq.ft in 2024. Overall, the guideline value has increased by 6% from 2012 to 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value of Gayathri Avenue-Dhanush Nagar is below this median.

What are the stamp duty and registration fees for properties in Gayathri Avenue-Dhanush Nagar?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office covers the Gayathri Avenue-Dhanush Nagar area.