Guideline Value

Corporate

Guideline Value for New Colony 7th Main Road

₹4400/sq.ft.

The guideline value for New Colony 7th 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 7th Main Road

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New Colony 7th Main Road guideline value

The current guideline value of New Colony 7th Main Road is Rs 4,400 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 Commercial Class I Type - III.

How the guideline value of New Colony 7th Main Road has changed

The guideline value for New Colony 7th Main Road has seen several revisions over the years. In 2003, the value was Rs 827 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 21% rise. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 300%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, showing a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 432%. It is important to note that there is no figure available for the year 2002 in the register for this street.

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 of New Colony 7th Main Road is above this median.

Stamp duty and registration fee for property in New Colony 7th 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, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that 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 more details.

Which Sub Registrar Office covers New Colony 7th Main Road?

The Sub Registrar Office that covers New Colony 7th 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 during property registration in Zaminpallavaram. When a property is sold or purchased, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the official valuation of the property.

It is essential for buyers to consider the guideline value as it reflects the minimum value at which the property can be registered. This value is subject to periodic revisions, which can impact the overall cost of property transactions in the area.

Frequently asked questions

What is the current guideline value of New Colony 7th Main Road?

The current guideline value of New Colony 7th 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, reflecting an overall increase of 432% over this period.

What is the land classification for New Colony 7th Main Road?

The land classification for New Colony 7th Main Road is Commercial Class I Type - III.

Where is the Sub Registrar Office located for New Colony 7th Main Road?

The Sub Registrar Office for New Colony 7th 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 this area?

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