Guideline Value

Corporate

Guideline Value for NEW COLONY MAIN ROAD

₹4400/sq.ft.

The guideline value for New Colony Main Road 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 ₹1018 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹885 /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 Main Road

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New Colony Main Road guideline value

The current guideline value of New Colony Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Saidapet village and falls under the Chennai South Joint I SRO, with a land classification of Residential Class II Type - I.

How the guideline value of New Colony Main Road has changed

The guideline value for New Colony Main Road has seen several revisions over the years. In 2002, the value was Rs 885 per sq.ft, which increased to Rs 1,018 per sq.ft in 2003, marking a change of +15%. The value continued to rise, reaching Rs 1,300 per sq.ft in 2007, a significant increase of +28%. The next revision in 2012 saw the value drop to Rs 4,000 per sq.ft, a decrease of -33%. However, this was followed by a substantial increase to Rs 2,680 per sq.ft in 2017, reflecting a change of +208%. The guideline value further increased to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,400 per sq.ft in 2024, an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +397%. There are no figures available for the revisions of years not mentioned in the register 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 a median value of Rs 3,300 per sq.ft. The guideline value of New Colony Main Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 New Colony Main Road?

The Sub Registrar Office that covers New Colony Main Road 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 further assistance.

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

The guideline value is a crucial figure used during the registration of property transactions in Saidapet. It determines the minimum value at which property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and standardization in property transactions. It helps in assessing the value of the property for legal and taxation purposes.

Frequently asked questions

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

The current guideline value of New Colony Main Road 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 changed from Rs 885 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +397% over the years.

What is the land classification for New Colony Main Road?

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

Where can I find the Sub Registrar Office for New Colony Main Road?

The Sub Registrar Office for New Colony Main Road 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.

How is stamp duty calculated for property transactions?

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