Guideline Value for N.G.O Colony IV th street

N.G.O Colony IV th street guideline value

The current guideline value of N.G.O Colony IV th street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

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

The guideline value for N.G.O Colony IV th street has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. In contrast, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and maintaining the same value in 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with recorded figures are from 2017, 2023, and 2024, showing a consistent increase since 2017.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for N.G.O Colony IV th street is above this median.

• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IInd street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IIIrd Street: Rs 1,200 per sq.ft (2024)
• N.G.O. colony: Rs 1,200 per sq.ft (2024)
• New Ramanujar Nagar: Rs 1,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee, at 2%, would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.G.O Colony IV th street?

The N.G.O Colony IV th street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for N.G.O Colony IV th street?

The current guideline value for N.G.O Colony IV th street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft for the 2023 and 2024 revisions, while it was Rs 804 per sq.ft in 2017. This represents a 49% increase from 2017 to 2023 and remains unchanged into 2024.

What is the land classification for N.G.O Colony IV th street?

N.G.O Colony IV th street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering N.G.O Colony IV th street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in N.G.O Colony IV th street?

Stamp duty for properties in N.G.O Colony IV th street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.