Guideline Value

Corporate

Guideline Value for New Colony 1st Street

₹2800/sq.ft.

The guideline value for New Colony 1st Street in Palavanthangal village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavanthangal

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹834 /sq.ft.
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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Street

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New Colony 1st Street guideline value

The current guideline value of New Colony 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of New Colony 1st Street has changed

The guideline value for New Colony 1st Street has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 834 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 2,500 per sq.ft in 2023, and further increased to the current rate of Rs 2,800 per sq.ft in 2024, representing a 12% rise from the previous year.

Notably, there are no recorded figures for New Colony 1st Street in the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 236%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing New Colony 1st Street's 2024 figure below this median.

Stamp duty and registration fee for property in New Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, resulting in a total of Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony 1st Street?

The Sub Registrar Office that covers New Colony 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical component during property registration in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value helps in assessing the minimum value on which stamp duty is calculated. This ensures that the transaction reflects a fair value in accordance with government regulations.

Frequently asked questions

What is the current guideline value of New Colony 1st Street?

The current guideline value of New Colony 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 834 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 236% over the years.

What are the stamp duty and registration fees for property in New Colony 1st Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers New Colony 1st Street?

The Alandur Sub Registrar Office covers New Colony 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Palavanthangal?

The median guideline value for streets in Palavanthangal is Rs 3,900 per sq.ft, which is higher than the current guideline value of New Colony 1st Street.