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Guideline Value

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Guideline Value for N.G.O. COLONY 1ST MAIN ROAD(CHOOLAIMEDU)

₹5300/sq.ft.

The guideline value for N.g.o. Colony 1st Main Road(choolaimedu) in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5300 per sq.ft, effective 1 July 2024. It was Rs 4900 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹5300 /sq.ft.
From 1-4-2023 ₹4900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3283 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on N.g.o. Colony 1st Main Road(choolaimedu)

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N.G.O. Colony 1st Main Road(Choolaimedu) guideline value

The current guideline value of N.G.O. Colony 1st Main Road(Choolaimedu) is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of N.G.O. Colony 1st Main Road(Choolaimedu) has changed

The guideline value for N.G.O. Colony 1st Main Road(Choolaimedu) has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased significantly to Rs 4,900 per sq.ft in 2012, marking a rise of 227%. However, the value decreased to Rs 3,283 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 set the value at Rs 4,900 per sq.ft, and the latest revision in 2024 has increased this to Rs 5,300 per sq.ft, reflecting an 8% increase from the previous year.

In summary, from the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 253%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value for N.G.O. Colony 1st Main Road(Choolaimedu) is below this median.

Stamp duty and registration fee for property in N.G.O. Colony 1st Main Road(Choolaimedu)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, totaling Rs 4,77,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers N.G.O. Colony 1st Main Road(Choolaimedu)?

The N.G.O. Colony 1st Main Road(Choolaimedu) is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of N.G.O. Colony 1st Main Road(Choolaimedu)?

The current guideline value of N.G.O. Colony 1st Main Road(Choolaimedu) is Rs 5,300 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 1,500 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, marking an overall increase of 253%.

What is the land classification for N.G.O. Colony 1st Main Road(Choolaimedu)?

N.G.O. Colony 1st Main Road(Choolaimedu) is classified as Residential Class II Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, if the guideline value is Rs 5,300 per sq.ft, this value will be used to calculate the stamp duty and registration fees.