Guideline Value

Corporate

Guideline Value for New Colony 5th Cross Street

₹4400/sq.ft.

The guideline value for New Colony 5th Cross Street 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.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on New Colony 5th Cross Street

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New Colony 5th Cross Street guideline value

The current guideline value of New Colony 5th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Commercial Class I Type - III.

How the guideline value of New Colony 5th Cross Street has changed

The guideline value for New Colony 5th Cross Street has seen significant changes 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 subsequent revision in 2012 saw a dramatic increase to Rs 4,000 per sq.ft, reflecting a 300% change from the 2007 figure. The latest revision in 2024 brings the guideline value to Rs 4,400 per sq.ft, a 10% increase from the 2012 figure.

It is important to note that the register has no figures for the years 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 that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing New Colony 5th Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in New Colony 5th Cross Street

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, bringing the total cost for these fees to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony 5th Cross Street?

The Sub Registrar Office that covers New Colony 5th Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. This value helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of New Colony 5th Cross Street?

The current guideline value of New Colony 5th Cross Street 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 are the other streets in Zaminpallavaram with similar guideline values?

Other streets in Zaminpallavaram include New Colony 4th Main Road at Rs 3,850 per sq.ft, New Colony 5th Main Road at Rs 4,400 per sq.ft, and New Colony 6th Cross Street at Rs 4,400 per sq.ft, among others.

What fees are associated with buying property in New Colony 5th Cross Street?

When buying property in New Colony 5th Cross Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value, which is Rs 4,400 per sq.ft.

Where is the Sub Registrar Office for New Colony 5th Cross Street located?

The Sub Registrar Office for New Colony 5th Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.