Guideline Value for DTE Colony

DTE Colony guideline value

The current guideline value of DTE Colony in Thalakanancherry village is Rs 3,900 per sq.ft, effective from 1 July 2024. This property falls under the Alandur SRO and is classified as Residential Class I Type - III.

How the guideline value of DTE Colony has changed

Over the years, the guideline value of DTE Colony has seen several revisions. The earliest recorded revision is from 2012, where the value was Rs 3,500 per sq.ft. It then decreased to Rs 2,345 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 brought the value to Rs 3,900 per sq.ft, an increase of 11% from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thalakanancherry

In Thalakanancherry village, there are 318 streets under the Alandur SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which matches the current value for DTE Colony.

• Dr.PANDIYAN ROAD: Rs 3,900 per sq.ft (2024)
• Eashwar Colony: Rs 4,400 per sq.ft (2024)
• Dr Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Elangai Agathigal kudiyiruppu: Rs 2,200 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)
• Dhuraisamy Garden /Thottam: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in DTE Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making a total of Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers DTE Colony?

The DTE Colony is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thalakanancherry, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal issues during the registration process. The guideline value serves as a benchmark for property transactions in the area, helping to standardize property valuations.

Frequently asked questions

What is the current guideline value of DTE Colony?

The current guideline value of DTE Colony is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an increase of 11%. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What are the other streets in Thalakanancherry with their guideline values?

Other streets in Thalakanancherry include Dr.PANDIYAN ROAD at Rs 3,900 per sq.ft, Eashwar Colony at Rs 4,400 per sq.ft, and Dr Ambethkar Street at Rs 2,200 per sq.ft, among others.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in DTE Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.