Guideline Value for New Colony 4th Main Road
₹3850/sq.ft.
The guideline value for New Colony 4th Main Road in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3750 per sq.ft from 1 April 2023, a 3% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Zaminpallavaram
Village
Pallavaram
SRO
Mixed Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3850 /sq.ft. |
| From 1-4-2023 | ₹3750 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | N/A |
| From 1-4-2012 To 8-6-2017 | ₹3500 /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 4th 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 4th Main Road guideline value
The current guideline value of New Colony 4th Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Mixed Type - I.
How the guideline value of New Colony 4th Main Road has changed
The guideline value for New Colony 4th Main Road has undergone 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 change of +21%. The value saw a significant jump to Rs 3,500 per sq.ft in 2012, reflecting an increase of +250%. The next revision in 2023 set the value at Rs 3,750 per sq.ft, which was a +7% change from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 3,850 per sq.ft, a +3% increase from 2023.
It is important to note that there are no figures available for the years 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +366%.
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, with a median value of Rs 3,300 per sq.ft. The guideline value for New Colony 4th Main Road is above this median.
- New Colony 4th Cross Street: Rs 3,850 per sq.ft (2024)
- New Colony 5th Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 3rd Main Road: Rs 4,400 per sq.ft (2024)
- New Colony 5th Main Road: Rs 4,400 per sq.ft (2024)
- New Colony 3rd Cross Street: Rs 4,400 per sq.ft (2024)
- New Colony 6th Cross Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in New Colony 4th Main Road
For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. Duty is charged on the higher of the guideline value or the sale price.
You can also use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers New Colony 4th Main Road?
The Sub Registrar Office that covers New Colony 4th 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 utilized during the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.
When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and 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 4th Main Road?
The current guideline value of New Colony 4th Main Road is Rs 3,850 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 3,850 per sq.ft in 2024, reflecting an overall increase of +366% over the years.
What is the land classification for New Colony 4th Main Road?
The land classification for New Colony 4th Main Road is Mixed Type - I, which indicates the type of development allowed in the area.
Where can I find the Sub Registrar Office for New Colony 4th Main Road?
The Sub Registrar Office for New Colony 4th Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.
How is the stamp duty calculated for properties in New Colony 4th 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 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,69,500.
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