Guideline Value for N.G.G.O.COLONY

N.G.G.O.Colony guideline value

The current guideline value of N.G.G.O.Colony, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of N.G.G.O.Colony has changed

Over the years, the guideline value of N.G.G.O.Colony has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 1,100 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which aligns with the current guideline value for N.G.G.O.Colony.

• New. N.G.G.O. Colony: Rs 1,100 per sq.ft (2024)
• Om Ganesh Nagar: Rs 879 per sq.ft (2024)
• Padmini Nagar: Rs 879 per sq.ft (2024)
• Pakthavachalam Street: Rs 1,650 per sq.ft (2024)
• Pallavan Street: Rs 1,100 per sq.ft (2024)
• Namakal Ramalingam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.G.O.Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 N.G.G.O.Colony?

The N.G.G.O.Colony falls under the jurisdiction of the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for additional information.

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

The guideline value plays a crucial role during property transactions in Periyakuppam. It is the basis for calculating the stamp duty and registration fees that are required when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is referenced to determine the appropriate fees. The registration process requires that the property is registered at the guideline value or the sale price, whichever is higher, ensuring that the correct amount of duty is paid.

Frequently asked questions

What is the current guideline value of N.G.G.O.Colony?

The current guideline value of N.G.G.O.Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and finally to Rs 1,100 in 2024.

What is the land classification of N.G.G.O.Colony?

N.G.G.O.Colony is classified as Residential Class I Type - III.

What are the other streets in Periyakuppam with their guideline values?

Other streets in Periyakuppam include New. N.G.G.O. Colony at Rs 1,100 per sq.ft, Om Ganesh Nagar and Padmini Nagar at Rs 879 per sq.ft, Pakthavachalam Street at Rs 1,650 per sq.ft, and Pallavan Street and Namakal Ramalingam Street both at Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for N.G.G.O.Colony?

The Sub Registrar Office covering N.G.G.O.Colony is the Tiruvallur Joint 1 SRO, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.