Guideline Value for Dhenupuri Housing Colony 1st Street

Dhenupuri Housing Colony 1st Street guideline value

The current guideline value of Dhenupuri Housing Colony 1st 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 is classified as Residential Special Type - I.

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

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year. Notably, the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The 2023 to 2024 change reflects a 10% increase, while the guideline value remained stable from 2012 to 2023.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Dhenupuri Housing Colony 1st Street is below this median.

• Dhenupuri Housing Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value comes to Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Dhenupuri Housing Colony 1st Street is 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 reference point used during the registration process of property transactions in Madambakkam. It determines the minimum value at which a property can be registered and is essential for calculating the applicable stamp duty and registration fees.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for both buyers and sellers to understand the expected costs associated with the transfer of property ownership.

Frequently asked questions

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

The current guideline value of Dhenupuri Housing Colony 1st 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 seen a 10% increase from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024. There was no change from 2012 to 2023, and the value remained stable at Rs 2,000 per sq.ft during that period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for Dhenupuri Housing Colony 1st Street?

The Selaiyur Sub Registrar Office handles registrations for Dhenupuri Housing Colony 1st Street. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Dhenupuri Housing Colony 1st Street is classified as Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.