Guideline Value for D.S.P. Colony

D.S.P. Colony guideline value

The current guideline value for D.S.P. Colony in Menambedu village, under the Ambattur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of D.S.P. Colony has changed

The guideline value for D.S.P. Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased back to Rs 1,000 per sq.ft in the 2023 revision, and it remains at that figure in the 2024 revision, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, from the 2012 to 2017 revision, there was a decrease of 33%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, indicating that D.S.P. Colony's 2024 figure is below the median.

• Ekambaram Nagar Extention: Rs 1,001 per sq.ft (2024)
• Ekampara Nagar: Rs 1,002 per sq.ft (2024)
• Elango Nagar: Rs 1,700 per sq.ft (2024)
• Devi Street: Rs 1,000 per sq.ft (2024)
• Devi Karumariamman Street: Rs 1,002 per sq.ft (2024)
• Devar Street (Gnanamoorthy Nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in D.S.P. Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers D.S.P. Colony?

The Sub Registrar Office that covers D.S.P. Colony is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of D.S.P. Colony?

The current guideline value of D.S.P. Colony is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,000 per sq.ft in 2023 and 2024, Rs 670 per sq.ft in 2017, and Rs 1,000 per sq.ft in 2012.

What is the land classification for D.S.P. Colony?

D.S.P. Colony is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for D.S.P. Colony?

The Sub Registrar Office for D.S.P. Colony is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in D.S.P. Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7% and a registration fee of Rs 20,000 at 2%, totaling Rs 90,000.