Guideline Value for N G O Colony 1st Street

N G O Colony 1st Street guideline value

The current guideline value of N G O Colony 1st Street is Rs 3,900 per sq.ft, effective from July 1, 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of N G O Colony 1st Street has changed

The guideline value for N G O Colony 1st Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before rising again to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The jump from 2012 to 2017 represented a decrease of 33%. The most significant change occurred between 2007 and 2012, with an increase of 400%. Overall, from 2007 to 2024, the guideline value has increased by 457%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of N G O Colony 1st Street.

• N G O Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• New Vinayagar Street: Rs 4,400 per sq.ft (2024)
• N G O Colony 4th Street: Rs 3,900 per sq.ft (2024)
• North Street Lakshmi Nagar 4th Stage: Rs 4,400 per sq.ft (2024)
• N S Naidu Layout: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in N G O Colony 1st Street

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, totaling 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 use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers N G O Colony 1st Street?

The N G O Colony 1st Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Thalakanancherry. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the current market conditions.

Frequently asked questions

What is the current guideline value of N G O Colony 1st Street?

The current guideline value of N G O Colony 1st Street is Rs 3,900 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 457% over the years.

What is the registration office for N G O Colony 1st Street?

The Alandur Sub Registrar Office covers N G O Colony 1st Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the stamp duty for property in N G O Colony 1st Street?

The stamp duty for property in N G O Colony 1st Street is 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Thalakanancherry?

There are 318 streets in Thalakanancherry that carry a 2024 guideline value, with rates ranging from Rs 2,200 to Rs 5,500 per sq.ft.