Guideline Value for New Colony 3rd Main Road
₹4400/sq.ft.
The guideline value for New Colony 3rd 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 3rd 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 3rd Main Road guideline value
The current guideline value of New Colony 3rd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - III.
How the guideline value of New Colony 3rd Main Road has changed
The guideline value for New Colony 3rd Main Road has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 827 per sq.ft. It increased to Rs 1,000 per sq.ft in 2007, marking a 21% rise. The next revision in 2012 saw a substantial jump to Rs 4,000 per sq.ft, which is a 300% increase from the previous value. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from 2012.
There are no figures available for the years 2002, 2017, and 2023 in the register for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 432%.
Guideline values in Zaminpallavaram
Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median value for these streets is Rs 3,300 per sq.ft, positioning New Colony 3rd Main Road's value above this median.
- New Colony 3rd Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 4th Cross Street: Rs 3,850 per sq.ft (2024)
- New Colony 2nd Main Road: Rs 4,400 per sq.ft (2024)
- New Colony 4th Main Road: Rs 3,850 per sq.ft (2024)
- New Colony 2nd Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 5th Cross Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in New Colony 3rd 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, while the registration fee at 2% would be Rs 88,000. The total cost for these fees would be Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.
Which Sub Registrar Office covers New Colony 3rd Main Road?
The Sub Registrar Office that covers New Colony 3rd 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 is a crucial factor during property registration in Zaminpallavaram. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.
When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as per the government's assessment. This helps in maintaining transparency and accountability in real estate transactions.
Frequently asked questions
What is the current guideline value of New Colony 3rd Main Road?
The current guideline value of New Colony 3rd 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 increased 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 are the stamp duty and registration fees for property in New Colony 3rd Main Road?
For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty is Rs 3,08,000 and the registration fee is Rs 88,000, totaling Rs 3,96,000.
Which Sub Registrar Office should I visit for transactions in New Colony 3rd Main Road?
The Pallavaram Sub Registrar Office covers New Colony 3rd Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
What is the land classification of New Colony 3rd Main Road?
New Colony 3rd Main Road is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.
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