Guideline Value

Corporate

Guideline Value for New Colony 19th Cross Street

₹4400/sq.ft.

The guideline value for New Colony 19th Cross Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /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 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹827 /sq.ft.
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 19th Cross Street

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New Colony 19th Cross Street guideline value

The current guideline value of New Colony 19th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of New Colony 19th Cross Street has changed

The guideline value for New Colony 19th Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 827 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a change of +21%. This was followed by a substantial rise to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of +300%. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a +10% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +432%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing New Colony 19th Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in New Colony 19th Cross Street

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 is charged at 7%, totaling Rs 3,08,000, while the registration fee at 2% amounts to Rs 88,000. Together, the total cost for stamp duty and registration fee is Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony 19th Cross Street?

The Sub Registrar Office that covers New Colony 19th Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of New Colony 19th Cross Street?

The current guideline value of New Colony 19th 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 changed from Rs 827 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +432% over the years.

What is the land classification for New Colony 19th Cross Street?

The land classification for New Colony 19th Cross Street is Commercial Class I Type - III.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the higher of the guideline value or sale price, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which office handles registrations for New Colony 19th Cross Street?

The registrations for New Colony 19th Cross Street are handled by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.