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Guideline Value

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Guideline Value for New Colony Kalayana Ganapathy Street

₹4950/sq.ft.

The guideline value for New Colony Kalayana Ganapathy 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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Kalayana Ganapathy Street

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New Colony Kalayana Ganapathy Street guideline value

The current guideline value of New Colony Kalayana Ganapathy 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 Kalayana Ganapathy Street has changed

The guideline value for New Colony Kalayana Ganapathy Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which then dropped to Rs 3,015 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, the value rebounded significantly to Rs 4,500 per sq.ft in the 2023 revision, and then increased by 10% to reach the current rate of Rs 4,950 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, making the current value of New Colony Kalayana Ganapathy Street above this median.

Stamp duty and registration fee for property in New Colony Kalayana Ganapathy 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 to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Colony Kalayana Ganapathy Street?

The Sub Registrar Office that covers New Colony Kalayana Ganapathy 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 in property transactions in Porur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of New Colony Kalayana Ganapathy Street?

The current guideline value of New Colony Kalayana Ganapathy 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 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,950 per sq.ft in 2024.

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, while New Colony Kalayana Ganapathy Street's value is above this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 49,50,000, with a stamp duty of Rs 3,46,500 and a registration fee of Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for New Colony Kalayana Ganapathy Street?

The Kunrathur Sub Registrar Office handles registrations for New Colony Kalayana Ganapathy Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.