Guideline Value

Corporate

Guideline Value for NEW COLONY 4TH CROSS STREET

₹4400/sq.ft.

The guideline value for New Colony 4th Cross Street in Saidapet village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹946 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹822 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 New Colony 4th Cross Street

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New Colony 4th Cross Street guideline value

The current guideline value of New Colony 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of New Colony 4th Cross Street has changed

The guideline value for New Colony 4th Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 822 per sq.ft. In 2003, it increased to Rs 946 per sq.ft, reflecting a change of +15%. The 2007 revision saw a significant jump to Rs 1,300 per sq.ft, which was a +37% increase. The value further rose to Rs 4,000 per sq.ft in 2012, marking a +208% change. However, in 2017, it decreased to Rs 2,680 per sq.ft, resulting in a -33% change. The value then increased to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +435%. There are no revisions with figures missing for this street.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft, with the median being Rs 3,300 per sq.ft. New Colony 4th Cross Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in New Colony 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers New Colony 4th Cross Street?

The Sub Registrar Office that covers New Colony 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value of New Colony 4th Cross Street?

The current guideline value of New Colony 4th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 822 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of +435%.

What is the registration fee for property in New Colony 4th Cross Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles the registration for New Colony 4th Cross Street?

The Chennai South Joint I Sub Registrar Office handles the registration for New Colony 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the stamp duty rate applicable in New Colony 4th Cross Street?

The stamp duty rate applicable is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.