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Guideline Value

Corporate

Guideline Value for N.G.O. COLONY 2ND MAIN ROAD (CHOOLAIMEDU)

₹5300/sq.ft.

The guideline value for N.g.o. Colony 2nd 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 N/A
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 2nd Main Road (choolaimedu)

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N.G.O. Colony 2nd Main Road (Choolaimedu) guideline value

The current guideline value of N.G.O. Colony 2nd 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of N.G.O. Colony 2nd Main Road (Choolaimedu) has changed

In the 2007 revision, the guideline value was Rs 1,500 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,900 per sq.ft, marking a change of +227%. The guideline value remained unchanged at Rs 4,900 per sq.ft in the 2023 revision. The latest revision in 2024 has set the value at Rs 5,300 per sq.ft, reflecting an increase of +8% from the previous year.

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, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur village, 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. The median value for these streets is Rs 5,800 per sq.ft, indicating that N.G.O. Colony 2nd Main Road's 2024 figure is below this median.

Stamp duty and registration fee for property in N.G.O. Colony 2nd 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 amounts to Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total cost for these fees to Rs 4,77,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers N.G.O. Colony 2nd Main Road (Choolaimedu)?

The N.G.O. Colony 2nd Main Road (Choolaimedu) falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Puliyur. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property.

When a property is registered, the guideline value serves as the baseline for calculating these fees, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of N.G.O. Colony 2nd Main Road (Choolaimedu)?

The current guideline value of N.G.O. Colony 2nd 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 seen several revisions, starting from Rs 1,500 per sq.ft in 2007, increasing to Rs 4,900 per sq.ft in 2012, remaining the same until 2023, and finally rising to Rs 5,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000, and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000 in fees.

Which office handles the registration for N.G.O. Colony 2nd Main Road (Choolaimedu)?

The Kodambakkam Sub Registrar Office handles the registration for N.G.O. Colony 2nd Main Road (Choolaimedu), located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for the 648 streets in Puliyur under the Kodambakkam SRO is Rs 5,800 per sq.ft, which is higher than the current value of N.G.O. Colony 2nd Main Road (Choolaimedu).