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Guideline Value

Corporate

Guideline Value for New Colony 1st Cross Street (West)

₹4950/sq.ft.

The guideline value for New Colony 1st Cross Street (west) in Porur village (Kunrathur SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /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 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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 1st Cross Street (west)

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New Colony 1st Cross Street (West) guideline value

The current guideline value of New Colony 1st Cross Street (West) is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and the land classification is Mixed Special Type - I.

How the guideline value of New Colony 1st Cross Street (West) has changed

The guideline value for New Colony 1st Cross Street (West) has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,015 per sq.ft. The 2023 revision increased the value to Rs 4,500 per sq.ft, and the most recent 2024 revision raised it to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing New Colony 1st Cross Street (West) above this median.

Stamp duty and registration fee for property in New Colony 1st Cross Street (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total cost to Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony 1st Cross Street (West)?

The Sub Registrar Office that covers New Colony 1st Cross Street (West) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in the real estate market.

Frequently asked questions

What is the current guideline value of New Colony 1st Cross Street (West)?

The current guideline value of New Colony 1st Cross Street (West) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, reflecting a 10% increase. The value also increased from Rs 3,015 per sq.ft in 2017 to Rs 4,500 per sq.ft in 2023, marking a 49% rise.

What is the land classification for New Colony 1st Cross Street (West)?

The land classification for New Colony 1st Cross Street (West) is Mixed Special Type - I.

Where can I find the registration office for this street?

The registration office for New Colony 1st Cross Street (West) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property transactions?

The 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 49,50,000, the stamp duty at 7% would be Rs 3,46,500.