Guideline Value

Corporate

Guideline Value for New Colony Ist Main Road

₹4950/sq.ft.

The guideline value for New Colony Ist Main Road 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 Main Road

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New Colony Ist Main Road guideline value

The current guideline value of New Colony Ist Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This road is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of New Colony Ist Main Road has changed

The guideline value for New Colony Ist Main Road has seen significant changes over the years. In 2002, the value was Rs 513 per sq.ft, which increased to Rs 568 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, marking a substantial increase of 76%. The value then jumped dramatically to Rs 4,500 per sq.ft in 2012, reflecting a 350% rise. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value climbed again to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for revisions in years other than those specified. The overall increase from 2002 to 2024 is a remarkable 865%.

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 for these streets is Rs 3,960 per sq.ft, placing New Colony Ist Main Road's 2024 figure above that median.

Stamp duty and registration fee for property in New Colony Ist Main Road

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 fees together Rs 4,45,500. It is important to note that 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 Ist Main Road?

The Sub Registrar Office that covers New Colony Ist Main Road 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 during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value of New Colony Ist Main Road 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 the years.

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 Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers New Colony Ist Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Porur?

The median guideline value for streets in Porur is Rs 3,960 per sq.ft, with New Colony Ist Main Road's value being above this median at Rs 4,950 per sq.ft.