Guideline Value for Dhenupureeswarar Street

Dhenupureeswarar Street guideline value

The current guideline value of Dhenupureeswarar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Dhenupureeswarar Street has changed

The guideline value for Dhenupureeswarar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and further rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for Dhenupureeswarar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Dhenupureeswarar Street is below this median.

• Doss AvenueRuso street: Rs 1,100 per sq.ft (2024)
• Dr. Sharma Nagar: Rs 4,400 per sq.ft (2024)
• Duraisamy Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Duraisamy Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Duraisamy Nagar Varadharajan Street: Rs 2,750 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenupureeswarar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. The total cost for these fees would be Rs 99,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dhenupureeswarar Street?

The Sub Registrar Office covering Dhenupureeswarar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor during the registration of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the property is not undervalued during the sale process.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are mandatory for all transactions. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Dhenupureeswarar Street?

The current guideline value of Dhenupureeswarar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Dhenupureeswarar Street?

Dhenupureeswarar Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 99,000 in fees based on the current guideline value.

Which office handles the registration for Dhenupureeswarar Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Dhenupureeswarar Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.