Guideline Value

Corporate

Guideline Value for New Colony Main Road

₹3900/sq.ft.

The guideline value for New Colony Main Road in Adambakkam village (Alandur 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 I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
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 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹394 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹345 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Adambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of New Colony Main Road has changed

The guideline value for New Colony Main Road has seen several revisions over the years. In 2002, the value was Rs 345 per sq.ft, which increased to Rs 394 per sq.ft in 2003. Following this, the value rose significantly to Rs 900 per sq.ft in 2007, and then it experienced a notable increase to Rs 3,500 per sq.ft in 2012. However, this value decreased to Rs 2,345 per sq.ft in 2017. The most recent revisions show a rise to Rs 3,500 per sq.ft in 2023 and a further increase to Rs 3,900 per sq.ft in 2024.

From 2017 to 2023, there was a 49% increase, while from 2023 to 2024, the increase was 11%. The value had previously decreased by 33% from 2012 to 2017. The rise from 2007 to 2012 was 289%, and from 2003 to 2007, it increased by 128%. Overall, the guideline value has increased by 1030% from 2002 to 2024.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value 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 amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to 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.

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

Which Sub Registrar Office covers New Colony Main Road?

The Sub Registrar Office that covers New Colony Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the government. This helps maintain transparency in property transactions.

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 from Rs 345 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1030% over the years.

What is the land classification for New Colony Main Road?

The land classification for New Colony Main Road is Residential Class I Type - III.

What are the stamp duty and registration fees for property in New Colony Main Road?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office for New Colony Main Road located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.