Guideline Value for Dhenupuri Housing Colony 1st Cross Street

Dhenupuri Housing Colony 1st Cross Street guideline value

The current guideline value of Dhenupuri Housing Colony 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Dhenupuri Housing Colony 1st Cross Street has changed

The guideline value for Dhenupuri Housing Colony 1st Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from Rs 2,000 per sq.ft in the 2023 revision. The 2012 revision also recorded a value of Rs 2,000 per sq.ft, indicating no change from 2012 to 2023. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The consistent value of Rs 2,000 per sq.ft from 2012 to 2023 reflects stability during that period, while the rise in 2024 marks a notable adjustment in the guideline value.

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 the area is Rs 2,400 per sq.ft, placing Dhenupuri Housing Colony 1st Cross Street below this median value.

• Dhenupuri Housing Colony: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenupuri Housing Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhenupuri Housing Colony 1st Cross Street?

The Dhenupuri Housing Colony 1st Cross Street falls under the jurisdiction of 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 is a crucial factor during the registration of property transactions in Madambakkam. It is used to determine the stamp duty and registration fees applicable to the sale or purchase of property, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which a property can be registered. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Dhenupuri Housing Colony 1st Cross Street?

The current guideline value of Dhenupuri Housing Colony 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 2,000 per sq.ft from 2012 to 2023, with a 10% increase to Rs 2,200 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

What is the land classification of Dhenupuri Housing Colony 1st Cross Street?

Dhenupuri Housing Colony 1st Cross Street is classified as Residential Special Type - I, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft would incur a total of Rs 1,98,000 in fees.

Which Sub Registrar Office covers Dhenupuri Housing Colony 1st Cross Street?

The Selaiyur Sub Registrar Office covers Dhenupuri Housing Colony 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.