Guideline Value

Corporate

Guideline Value for New Colony IIIrd Cross Street

₹4950/sq.ft.

The guideline value for New Colony Iiird 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 Iiird Cross Street

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New Colony IIIrd Cross Street guideline value

The current guideline value of New Colony IIIrd 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 is classified as Mixed Special Type - I.

How the guideline value of New Colony IIIrd Cross Street has changed

The guideline value for New Colony IIIrd Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 513 per sq.ft, which increased to Rs 568 per sq.ft in 2003. The 2007 revision saw a significant jump to Rs 1,000 per sq.ft, followed by a rise to Rs 4,500 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft. The 2023 revision marked an increase to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,950 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017. The jump from 2007 to 2012 was substantial at 350%, and the increase from 2003 to 2007 was 76%. From 2002 to 2003, the value rose by 11%. Overall, from 2002 to 2024, the guideline value has increased by 865%.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for New Colony IIIrd Cross Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total 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, making the total cost for these fees 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 information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony IIIrd Cross Street?

The Sub Registrar Office that covers New Colony IIIrd 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 details.

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

The guideline value is a crucial factor when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that the guideline value serves as a benchmark for these fees, and it is essential to consider it when planning a property transaction.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. The higher value between the guideline value and the sale price will be used to calculate the stamp duty and registration fees, ensuring that the correct amounts are paid during the registration process.

Frequently asked questions

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

The current guideline value of New Colony IIIrd 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 significantly from Rs 513 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 865% over this period.

What is the registration office for New Colony IIIrd Cross Street?

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

How do I calculate the stamp duty and registration fees?

To calculate the stamp duty and registration fees, you need to know the guideline value of the property. For example, for a 1,000 sq.ft plot at Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000, with stamp duty and registration fees calculated based on this amount.

Where can I find more information about the guideline values in Porur?

More information about the guideline values in Porur can be found through the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.