Guideline Value for Dhenupuri Housing Colony 2nd Street

Dhenupuri Housing Colony 2nd Street guideline value

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

How the guideline value of Dhenupuri Housing Colony 2nd Street has changed

The guideline value for Dhenupuri Housing Colony 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2017 revision, where it decreased to Rs 1,340 per sq.ft. In the 2023 revision, the value increased to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value saw a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

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 2nd Street is below this median.

• Dhenupuri Housing Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony: 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 2nd 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, bringing the total to Rs 1,98,000. It is important to note that the 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 Dhenupuri Housing Colony 2nd Street?

The Dhenupuri Housing Colony 2nd Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through 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. It is essential to be aware of these values to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Dhenupuri Housing Colony 2nd Street?

The current guideline value of Dhenupuri Housing Colony 2nd 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 changed several times, with the most recent revision in 2024 increasing it to Rs 2,200 per sq.ft. The value was Rs 2,000 per sq.ft in 2023, Rs 1,340 per sq.ft in 2017, and Rs 2,000 per sq.ft in 2012.

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. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Dhenupuri Housing Colony 2nd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Dhenupuri Housing Colony 2nd Street?

The land classification for Dhenupuri Housing Colony 2nd Street is Residential Special Type - I, indicating its designated use for residential purposes.