Guideline Value

Corporate

Guideline Value for New Colony 6th Main Road

₹4400/sq.ft.

The guideline value for New Colony 6th Main Road in Zaminpallavaram village (Pallavaram SRO, Chengalpattu 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 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 ₹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 ₹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 6th Main Road

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New Colony 6th Main Road guideline value

The current guideline value of New Colony 6th Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village under the Pallavaram SRO, classified as Commercial Class I Type - III.

How the guideline value of New Colony 6th Main Road has changed

The guideline value for New Colony 6th Main Road has seen significant changes over the years. In the 2003 revision, the value was Rs 827 per sq.ft, which then increased to Rs 1,000 per sq.ft in 2007. Following that, the 2012 revision saw the value rise to Rs 4,000 per sq.ft, but it dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,400 per sq.ft. Notably, there is no figure available for the year 2002 for this street.

The percentage changes between the revisions highlight the fluctuations in the guideline value. From 2003 to 2007, there was an increase of 21%, followed by a remarkable 300% increase from 2007 to 2012. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 432%.

Guideline values in Zaminpallavaram

Zaminpallavaram village 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 in 2024. The median guideline value is Rs 3,300 per sq.ft, making the current value of New Colony 6th Main Road above this median.

Stamp duty and registration fee for property in New Colony 6th 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 amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony 6th Main Road?

The Sub Registrar Office that covers New Colony 6th 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 plays a crucial role in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum price at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration norms.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of their transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of New Colony 6th Main Road?

The current guideline value of New Colony 6th 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 changed significantly from Rs 827 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 432% over the years.

What is the land classification for New Colony 6th Main Road?

New Colony 6th Main Road is classified as Commercial Class I Type - III, indicating its commercial use potential.

Where can I find the Sub Registrar Office for New Colony 6th Main Road?

The Sub Registrar Office for New Colony 6th Main Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in New Colony 6th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.