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Guideline Value

Corporate

Guideline Value for New Colony II nd Cross Street

₹4950/sq.ft.

The guideline value for New Colony Ii Nd Cross Street 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 ₹568 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹513 /sq.ft.
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 Ii Nd Cross Street

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New Colony II nd Cross Street guideline value

The current guideline value of New Colony II nd Cross Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and the land classification is Mixed Special Type - I.

How the guideline value of New Colony II nd Cross Street has changed

The guideline value for New Colony II nd Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 513 per sq.ft, which increased to Rs 568 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 1,000 per sq.ft in 2007. The value then reached Rs 4,500 per sq.ft in 2012, before decreasing to Rs 3,015 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,500 per sq.ft in 2023 and a further increase to Rs 4,950 per sq.ft in 2024.

Between the revisions, notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The value rose by 350% from 2007 to 2012 and by 76% from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 865%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, placing New Colony II nd Cross Street's 2024 figure above that median.

Stamp duty and registration fee for property in New Colony II nd Cross Street

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, bringing the total to Rs 4,45,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers New Colony II nd Cross Street?

The Sub Registrar Office that covers New Colony II nd Cross Street 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 is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. Proper knowledge of the guideline value ensures that both parties are informed and can make decisions accordingly during the buying or selling process.

Frequently asked questions

What is the current guideline value of New Colony II nd Cross Street?

The current guideline value of New Colony II nd Cross Street 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 from Rs 513 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 865% over the years.

What are the other streets in Porur with the same guideline value?

Other streets in Porur with the same guideline value of Rs 4,950 per sq.ft include New Colony IIIrd Cross Street, New Colony Ist Cross Street, New Colony Ist Main Road, New Colony Kalayana Ganapathy Street, New colony lakshmi nagar, and New Colony Coconut thope/Astalaskshmi Nagar.

Where can I find the registration office for New Colony II nd Cross Street?

The registration office for New Colony II nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in New Colony II nd Cross Street?

The stamp duty for properties in New Colony II nd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 3,46,500.