Guideline Value

Corporate

Guideline Value for New Colony 5th Street

₹4400/sq.ft.

The guideline value for New Colony 5th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹346 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹308 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 5th Street

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New Colony 5th Street guideline value

The current guideline value of New Colony 5th Street, Velachery village, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Velacheri SRO and is classified as Residential Class II Type - II.

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

The guideline value for New Colony 5th Street has seen several revisions over the years. In 2002, the value was Rs 308 per sq.ft, which increased to Rs 346 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,500 per sq.ft in 2007, reflecting a change of +334%. The value then rose to Rs 4,000 per sq.ft in 2012, marking an increase of +167%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of -33%. The next revision in 2023 set the value at Rs 4,000 per sq.ft, which then increased to the current guideline value of Rs 4,400 per sq.ft in 2024, a rise of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +1329%. There are no figures available for any other revisions for this street.

Guideline values in Velachery

In Velachery, the guideline values for 2024 range from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for New Colony 5th Street is equal to this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,00,000. The stamp duty at 7% amounts to Rs 3,08,000, and the registration fee at 2% is Rs 88,000, bringing the total to Rs 3,96,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Colony 5th Street?

The Sub Registrar Office that covers New Colony 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the established values for different areas.

Frequently asked questions

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

The current guideline value of New Colony 5th 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 308 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1329% over the years.

What is the land classification for New Colony 5th Street?

New Colony 5th Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for New Colony 5th Street?

The Velacheri Sub Registrar Office, which covers New Colony 5th Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in New Colony 5th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee is Rs 3,96,000.