Guideline Value for Dhenupuri Housing Colony 3rd Street

Dhenupuri Housing Colony 3rd Street guideline value

The current guideline value of Dhenupuri Housing Colony 3rd 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 3rd Street has changed

Over the years, the guideline value for Dhenupuri Housing Colony 3rd Street has seen several revisions. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023 and further rose to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase, showcasing the fluctuations in the guideline value over the years. There are no figures available for the revisions in 2002, 2003, and 2007 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. The median guideline value for these streets is Rs 2,400 per sq.ft, which means the guideline value for Dhenupuri Housing Colony 3rd Street is below this median.

• Dhenupuri Housing Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Cross 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 3rd 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 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dhenupuri Housing Colony 3rd Street?

The Dhenupuri Housing Colony 3rd 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, within 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

When buying or selling property in Madambakkam, the guideline value is used as a benchmark for calculating stamp duty and registration fees. It is crucial to note that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. This value is regularly revised to reflect changes in the real estate market and local conditions, making it a vital aspect of property dealings in the area.

Frequently asked questions

What is the current guideline value of Dhenupuri Housing Colony 3rd Street?

The current guideline value of Dhenupuri Housing Colony 3rd 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 from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Dhenupuri Housing Colony 3rd Street?

For a 1,000 sq.ft property, the total guideline value is 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, totaling Rs 1,98,000.

Which Sub Registrar Office covers Dhenupuri Housing Colony 3rd Street?

The Selaiyur Sub Registrar Office covers Dhenupuri Housing Colony 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Dhenupuri Housing Colony 3rd Street?

Dhenupuri Housing Colony 3rd Street falls under the Residential Special Type - I land classification as per the guidelines.