Guideline Value for Dhenupuri Housing Colony

Dhenupuri Housing Colony guideline value

The current guideline value of Dhenupuri Housing Colony in Madambakkam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This falls under the Selaiyur SRO and is classified as Residential Special Type - I.

How the guideline value of Dhenupuri Housing Colony has changed

The guideline value for Dhenupuri Housing Colony has seen several revisions over the years. The 2012 revision recorded a guideline value of Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 is below this median.

• Dhenupuri Housing Colony 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 1st Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Dhenupuri Housing Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Dhenu Ganapathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dhenupuri Housing Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, 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, bringing the total to 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.

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

Which Sub Registrar Office covers Dhenupuri Housing Colony?

The Dhenupuri Housing Colony falls under 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 critical factor in property transactions in Madambakkam. It serves as the baseline for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government collects the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Dhenupuri Housing Colony?

The current guideline value of Dhenupuri Housing Colony 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 increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase overall. There were no changes recorded in the 2023 revision.

What are the stamp duty and registration fees for properties in Dhenupuri Housing Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, resulting in a total duty and fee of Rs 1,98,000.

Which office handles property registrations in Dhenupuri Housing Colony?

The Selaiyur Sub Registrar Office is responsible for property registrations in Dhenupuri Housing Colony. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Dhenupuri Housing Colony?

Dhenupuri Housing Colony is classified as Residential Special Type - I, which indicates its designated use for residential purposes.