Guideline Value for N G O Colony 4th Street

N G O Colony 4th Street guideline value

The current guideline value of N G O Colony 4th Street is Rs 3,900 per sq.ft, effective from 1 July 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 4th Street has changed

The guideline value for N G O Colony 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 400%. However, by 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 457%. It is important to note that there are no figures available for the revisions in 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 guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the current value of N G O Colony 4th Street.

• N G O Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• N G O Colony 1st Street: Rs 3,900 per sq.ft (2024)
• New Vinayagar Street: Rs 4,400 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 4th 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers N G O Colony 4th Street?

The Sub Registrar Office that covers N G O Colony 4th Street is 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 plays a crucial role in the registration process when buying or selling property in Thalakanancherry. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of N G O Colony 4th Street?

The current guideline value of N G O Colony 4th Street 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 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 4th Street?

The registration office for N G O Colony 4th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in N G O Colony 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,73,000.

What are the other streets in Thalakanancherry with the same guideline value?

Other streets in Thalakanancherry with a guideline value of Rs 3,900 per sq.ft include N G O Colony 1st Street, N G O Colony 2nd Street, and N G O Colony 3rd Street.