Guideline Value for N.G.G.O.Nagar

N.G.G.O.Nagar guideline value

The current guideline value for N.G.G.O.Nagar is not published; it was last notified at Rs 1,500 per sq.ft in the 2012 revision. This street is located in Melamaiyur village under the Chengleput Joint I SRO and is classified as Mixed Special Type - II.

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

The guideline value for N.G.G.O.Nagar has undergone significant changes over the years. The 2007 revision recorded a guideline value of Rs 225 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision, representing a change of +567%. There are no figures available for the revisions in 2002, 2003, 2017, 2023, and 2024.

In summary, the last known guideline value for N.G.G.O.Nagar was established in 2012, and prior to that, the 2007 revision indicated a much lower rate. The substantial increase from 2007 to 2012 highlights the changes that have occurred in this period.

Guideline values in Melamaiyur

Melamaiyur village has a total of 37 streets under the Chengleput Joint I SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,000 per sq.ft, and the median value is Rs 1,212 per sq.ft. N.G.G.O.Nagar does not currently have a published rate, but it is positioned among other streets with varying guideline values.

• Nandhagopal Nagar: Rs 1,322 per sq.ft (2024)
• Parvathi Nagar: Rs 1,100 per sq.ft (2024)
• Melamaiyur New Colony: Rs 1,322 per sq.ft (2024)
• Melamaiyur Colony: Rs 440 per sq.ft (2024)
• Manogari Avenue: Rs 1,650 per sq.ft (2024)
• Manickam Nagar: Rs 825 per sq.ft (2024)

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

As there is no current rate for N.G.G.O.Nagar, a worked example cannot be provided. However, it is important to note that stamp duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.G.G.O.Nagar?

N.G.G.O.Nagar falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Melamaiyur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these fees are calculated based on the official rates set by the government.

When a property is sold, the guideline value helps establish a baseline for the transaction, which can influence negotiations between buyers and sellers. It is essential for both parties to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value for N.G.G.O.Nagar is not published; the last notified rate was Rs 1,500 per sq.ft during the 2012 revision.

How has the guideline value changed over the years?

The guideline value for N.G.G.O.Nagar changed from Rs 225 per sq.ft in the 2007 revision to Rs 1,500 per sq.ft in the 2012 revision, marking an increase of +567%. There are no figures available for the revisions in 2002, 2003, 2017, 2023, and 2024.

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

N.G.G.O.Nagar is classified as Mixed Special Type - II, which indicates the type of land use and development permitted in the area.

What are the guideline values for other streets in Melamaiyur?

Other streets in Melamaiyur have varying guideline values, with rates ranging from Rs 440 to Rs 3,000 per sq.ft as of 2024. The median value in the village is Rs 1,212 per sq.ft.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for N.G.G.O.Nagar and surrounding areas.