Guideline Value

Corporate

Guideline Value for New Colony Main Road

₹3900/sq.ft.

The guideline value for New Colony Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹533 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹448 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[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 Main Road

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New Colony Main Road guideline value

The current guideline value of New Colony Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of New Colony Main Road has changed

Over the years, the guideline value of New Colony Main Road has seen significant changes. In 2002, the value was Rs 448 per sq.ft, which increased to Rs 533 per sq.ft in 2003. The value then rose to Rs 1,000 per sq.ft in 2007, followed by a substantial jump to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. From 2017 to 2023, it increased to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,900 per sq.ft.

The changes between revisions are noteworthy. From 2002 to 2024, the overall increase is +771%. The value rose by +19% from 2002 to 2003, +88% from 2003 to 2007, +250% from 2007 to 2012, a decrease of -33% from 2012 to 2017, and an increase of +49% from 2017 to 2023.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of New Colony Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total charges together Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers New Colony Main Road?

The Sub Registrar Office that covers New Colony Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottivakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers are required to pay when purchasing property. This ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value helps in determining the minimum value at which a property can be sold. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of New Colony Main Road is Rs 3,900 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 448 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, with various increases and one decrease over the years.

What is the classification of New Colony Main Road?

New Colony Main Road is classified as Residential Class II Type - I under the Adayar SRO.

Where can I find the Sub Registrar Office for New Colony Main Road?

The Adayar Sub Registrar Office, which covers New Colony Main Road, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the stamp duty rate applicable for properties in Kottivakkam?

The stamp duty rate applicable for properties in Kottivakkam is 7%, which is calculated based on the higher of the guideline value or the sale price of the property.