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Guideline Value

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Guideline Value for CHINNAYYA NEW COLONY 2ND MAIN ROAD

₹4900/sq.ft.

The guideline value for Chinnayya New Colony 2nd 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 ₹700 /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 2nd Main Road

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Chinnayya New Colony 2nd Main Road guideline value

The current guideline value for Chinnayya New Colony 2nd Main Road is Rs 4,900 per sq.ft. This road is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chinnayya New Colony 2nd Main Road has changed

Over the years, the guideline value of Chinnayya New Colony 2nd Main Road has seen significant changes. The 2007 revision recorded a guideline value of Rs 700 per sq.ft, which then increased dramatically to Rs 4,500 per sq.ft in 2012, marking an increase of 543%. However, in 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then increased by 9% to the current rate of Rs 4,900 per sq.ft effective from 1 July 2024.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 600%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO that have 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. The guideline value for Chinnayya New Colony 2nd Main Road is above this median.

Stamp duty and registration fee for property in Chinnayya New Colony 2nd 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, bringing the total cost for stamp duty and registration fees to Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnayya New Colony 2nd Main Road?

The Sub Registrar Office that covers Chinnayya New Colony 2nd Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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. It determines 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 serves as a benchmark for calculating the applicable stamp duty. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Chinnayya New Colony 2nd Main Road?

The current guideline value of Chinnayya New Colony 2nd 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 significantly from Rs 700 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 600%.

What is the land classification for this area?

The land classification for Chinnayya New Colony 2nd Main Road 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 2nd Main Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated on property transactions?

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