Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for New Colony Ist Cross Street

₹4950/sq.ft.

The guideline value for New Colony Ist 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 Ist Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

New Colony Ist Cross Street guideline value

The current guideline value of New Colony Ist 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, classified as Mixed Special Type - I.

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

Over the years, the guideline value of New Colony Ist Cross Street has seen significant changes. Starting from Rs 513 per sq.ft in 2002, it increased to Rs 568 per sq.ft in 2003, marking an 11% rise. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 76%. Following this, the value jumped to Rs 4,500 per sq.ft in 2012, a remarkable 350% increase. However, it then decreased to Rs 3,015 per sq.ft in 2017, which was a decline of 33%. The value continued to rise, reaching Rs 4,500 per sq.ft in 2023, and then increased by 10% to the current Rs 4,950 per sq.ft in 2024.

There are no figures available for the revisions in the years not mentioned. The overall change from 2002 to 2024 shows an increase of 865% in the guideline value.

Guideline values in Porur

In Porur, 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. The median value is Rs 3,960 per sq.ft, placing New Colony Ist Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in New Colony Ist 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, bringing the total cost together to 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, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony Ist Cross Street?

The Sub Registrar Office that covers New Colony Ist 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 critical factor during property registration in Porur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of New Colony Ist 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, starting from Rs 513 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of 865%.

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

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

What are the stamp duty and registration fees for a property 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.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration price for properties. Buyers must pay stamp duty and registration fees based on the higher of the guideline value or the sale price during property transactions.