Guideline Value for New India Colony Main Road
₹2200/sq.ft.
The guideline value for New India Colony Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Madipakkam-1
Village
Velacheri
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | N/A |
| From 9-6-2017 To 31-3-2023 | N/A |
| From 1-4-2012 To 8-6-2017 | N/A |
| 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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 India Colony Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Velacheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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New India Colony Main Road guideline value
The current guideline value of New India Colony Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.
How the guideline value of New India Colony Main Road has changed
The guideline value register shows no figures for New India Colony Main Road for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 2,200 per sq.ft.
As there are no previous figures for this street, it is not possible to outline any changes between revisions. The 2024 revision marks the first recorded guideline value for New India Colony Main Road.
Guideline values in Madipakkam-1
Madipakkam-1 has a total of 1823 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,750 per sq.ft, placing New India Colony Main Road's 2024 figure below that median.
- New India Colony Link Balaji Nagar East Main Road: Rs 3,300 per sq.ft (2024)
- New India Colony Extn: Rs 2,200 per sq.ft (2024)
- New India Colony 3rd Street: Rs 2,200 per sq.ft (2024)
- New India Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
- New India Colony 2nd Street: Rs 2,200 per sq.ft (2024)
- New India Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in New India Colony Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.
For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers New India Colony Main Road?
The Sub Registrar Office that covers New India Colony Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Madipakkam-1
The guideline value is a crucial factor in property transactions in Madipakkam-1, 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 applicable stamp duty and registration fees.
When you approach the registration office, the guideline value will be referenced to ensure compliance with legal requirements. It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of their property transactions.
Frequently asked questions
What is the current guideline value of New India Colony Main Road?
The current guideline value of New India Colony Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.
What is the land classification for New India Colony Main Road?
New India Colony Main Road is classified as Residential Class II Type - I.
How many streets are in Madipakkam-1 under the Velacheri SRO?
There are a total of 1823 streets in Madipakkam-1 under the Velacheri SRO.
What are the guideline values for other streets in Madipakkam-1?
Other streets in Madipakkam-1 have guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft.
Where can I find the Velacheri Sub Registrar Office?
The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.
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