Guideline Value for New Colony 1st Main Road
₹4400/sq.ft.
The guideline value for New Colony 1st Main Road 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.
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[email protected], [email protected]
Records for a plot on New Colony 1st Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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New Colony 1st Main Road guideline value
The current guideline value of New Colony 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village under the Pallavaram SRO, classified as Commercial Class I Type - III.
How the guideline value of New Colony 1st Main Road has changed
The guideline value for New Colony 1st Main Road has seen several revisions 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 21% rise. The 2012 revision saw a significant jump to Rs 4,000 per sq.ft, reflecting a 300% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from 2012.
It is important to note that there are no figures available for the revisions in 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 with a 2024 guideline value 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 1st Main Road above this median.
- New Colony 1st Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 20th Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 19th Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 21st Cross Street: Rs 3,850 per sq.ft (2024)
- New Colony 18th Cross Street: Rs 3,850 per sq.ft (2024)
- New Colony 2nd Cross Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in New Colony 1st 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 would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost 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.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers New Colony 1st Main Road?
The Sub Registrar Office that covers New Colony 1st Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Zaminpallavaram
The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.
When a property is sold, the guideline value is compared to the sale price, and the higher value is used to determine the applicable fees. This ensures that all transactions are fairly assessed according to the established guidelines.
Frequently asked questions
What is the current guideline value of New Colony 1st Main Road?
The current guideline value of New Colony 1st 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 827 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 432% over this period.
What is the land classification for New Colony 1st Main Road?
New Colony 1st Main Road is classified as Commercial Class I Type - III.
Where can I find the Sub Registrar Office for New Colony 1st Main Road?
The Sub Registrar Office for New Colony 1st Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
How is stamp duty calculated for properties in New Colony 1st Main Road?
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 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.
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