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Guideline Value

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Guideline Value for CHINNAYYA NEW COLONY 1ST STREET

₹4900/sq.ft.

The guideline value for Chinnayya New Colony 1st Street 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 ₹550 /sq.ft.
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 Street

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Chinnayya New Colony 1st Street guideline value

The current guideline value for Chinnayya New Colony 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - II.

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

Over the years, the guideline value of Chinnayya New Colony 1st Street has seen significant changes. In 2003, the guideline value was Rs 550 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value surged to Rs 4,500 per sq.ft in 2012, but then decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023 and is currently set at Rs 4,900 per sq.ft from the 2024 revision.

The changes between these revisions are notable. From 2003 to 2007, the value increased by 82%. However, from 2012 to 2017, there was a decrease of 33%. The guideline value then rose by 49% from 2017 to 2023, and from 2023 to 2024, it increased by 9%. Overall, from 2003 to 2024, the guideline value has increased by 791%. The register has no figure for this street in 2002.

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 Street's 2024 guideline value is above this median.

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

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

Which Sub Registrar Office covers Chinnayya New Colony 1st Street?

The Sub Registrar Office that covers Chinnayya New Colony 1st Street 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 when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to assess the appropriate fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

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

The current guideline value of Chinnayya New Colony 1st Street 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 significantly, increasing from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, with various fluctuations in between.

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

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

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.