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Guideline Value

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Guideline Value for New Colony Coconut thope/Astalaskshmi Nagar

₹4950/sq.ft.

The guideline value for New Colony Coconut Thope/astalaskshmi Nagar in Porur village (Kunrathur SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Coconut Thope/astalaskshmi Nagar

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New Colony Coconut thope/Astalaskshmi Nagar guideline value

The current guideline value of New Colony Coconut thope/Astalaskshmi Nagar is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO and is classified as Mixed Special Type - I.

How the guideline value of New Colony Coconut thope/Astalaskshmi Nagar has changed

The guideline value for New Colony Coconut thope/Astalaskshmi Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value surged to Rs 4,500 per sq.ft in 2012, but then dropped to Rs 3,015 per sq.ft in 2017. The value rose significantly to Rs 4,500 per sq.ft in 2023 and has further increased to Rs 4,950 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 725%. Notably, the register has no figure for this street for the year 2002.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value range from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing New Colony Coconut thope/Astalaskshmi Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in New Colony Coconut thope/Astalaskshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers New Colony Coconut thope/Astalaskshmi Nagar?

The Sub Registrar Office that covers New Colony Coconut thope/Astalaskshmi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and complies with local regulations.

When a property is sold, the guideline value is considered to determine the minimum value on which stamp duty is levied. This ensures that all transactions reflect a fair value according to the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value for New Colony Coconut thope/Astalaskshmi Nagar?

The current guideline value for New Colony Coconut thope/Astalaskshmi Nagar is Rs 4,950 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 600 per sq.ft in 2003 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 725% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles property registrations in this area?

The Kunrathur Sub Registrar Office handles property registrations for New Colony Coconut thope/Astalaskshmi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for New Colony Coconut thope/Astalaskshmi Nagar?

The land classification for New Colony Coconut thope/Astalaskshmi Nagar is Mixed Special Type - I, indicating its designated use and zoning regulations.