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Guideline Value

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Guideline Value for CHINNAYYA NEW COLONY 1ST MAIN ROAD

₹4900/sq.ft.

The guideline value for Chinnayya New Colony 1st Main Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinnayya New Colony 1st Main Road

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Chinnayya New Colony 1st Main Road guideline value

The current guideline value of Chinnayya New Colony 1st Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chinnayya New Colony 1st Main Road has changed

Over the years, the guideline value for Chinnayya New Colony 1st Main Road has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 350%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision brought the value back up to Rs 4,500 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 4,900 per sq.ft, a rise of 9% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 390%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Chinnayya New Colony 1st Main Road's current guideline value is above this median.

Stamp duty and registration fee for property in Chinnayya New Colony 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total fees Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnayya New Colony 1st Main Road?

The Sub Registrar Office that covers Chinnayya New Colony 1st Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees.

During the registration process, the guideline value ensures that the property is valued appropriately for taxation purposes. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Chinnayya New Colony 1st Main Road?

The current guideline value of Chinnayya New Colony 1st Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 390% over the years.

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

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office is responsible for this area?

The Purasaivakkam Sub Registrar Office is responsible for Chinnayya New Colony 1st Main Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Chinnayya New Colony 1st Main Road?

The land classification for Chinnayya New Colony 1st Main Road is Residential Class I Type - II.