Guideline Value

Corporate

Guideline Value for NEW COLONY G.S.T.ROAD (PART)

₹8800/sq.ft.

The guideline value for New Colony G.s.t.road (part) in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 8800 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on New Colony G.s.t.road (part)

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New Colony G.S.T.Road (Part) guideline value

The current guideline value for New Colony G.S.T.Road (Part) is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Commercial Class I Type - II.

How the guideline value of New Colony G.S.T.Road (Part) has changed

The guideline value for New Colony G.S.T.Road (Part) has seen notable changes over the years. In the 2012 revision, the value was set at Rs 8,000 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 8,800 per sq.ft, marking a 10% increase from the 2012 figure.

There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only recorded revisions are from 2012 and 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a guideline value for 2024, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing New Colony G.S.T.Road (Part) above this median.

Stamp duty and registration fee for property in New Colony G.S.T.Road (Part)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, leading to a total of Rs 7,92,000. 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 details.

Which Sub Registrar Office covers New Colony G.S.T.Road (Part)?

The Sub Registrar Office that covers New Colony G.S.T.Road (Part) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the property transaction.

When registering a property, the guideline value will be considered to ensure that the appropriate fees are collected based on the official valuation, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for New Colony G.S.T.Road (Part)?

The current guideline value for New Colony G.S.T.Road (Part) is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2012 revision of Rs 8,000 per sq.ft to the 2024 revision, the guideline value increased by 10% to Rs 8,800 per sq.ft. There are no figures available for the revisions in the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the classification of New Colony G.S.T.Road (Part)?

New Colony G.S.T.Road (Part) is classified as Commercial Class I Type - II. This classification affects the guideline value and its application in property transactions.

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

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Colony G.S.T.Road (Part)?

The Sub Registrar Office for New Colony G.S.T.Road (Part) is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find more information by visiting the appropriate link.