Guideline Value for N.G.O. COLONY 3 RD STREET (VADAPALANI)

N.G.O. Colony 3 Rd Street (Vadapalani) guideline value

The current guideline value of N.G.O. Colony 3 Rd Street (Vadapalani) is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of N.G.O. Colony 3 Rd Street (Vadapalani) has changed

The guideline value for N.G.O. Colony 3 Rd Street (Vadapalani) has undergone several revisions over the years. In 2007, the guideline value was Rs 1,050 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a change of +233%. The value continued to rise, reaching Rs 4,600 per sq.ft in 2023, which was a +31% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft, reflecting a +9% increase from 2023.

It is important to note that the register has no figures for N.G.O. Colony 3 Rd Street in the years 2002, 2003, and 2017. Overall, from 2007 to 2024, the guideline value has increased by +376%.

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. The median guideline value for these streets is Rs 5,800 per sq.ft, indicating that the 2024 figure for N.G.O. Colony 3 Rd Street is below this median.

• N.G.O. Colony 4th Cross Street (Choolaimedu): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 3rd Cross Street (Choolaimedu): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 2 Nd Street (Vadapalani): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony Main Road (Vadapalani): Rs 5,000 per sq.ft (2024)
• N.G.O. Colony 2nd Main Road (Choolaimedu): Rs 5,300 per sq.ft (2024)
• N.G.O. Colony 2nd Cross Street (Choolaimedu): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.O. Colony 3 Rd Street (Vadapalani)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. 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 3 Rd Street (Vadapalani)?

The N.G.O. Colony 3 Rd Street (Vadapalani) falls under the jurisdiction of 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 critical figure used during the registration process of property transactions in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the stamp duty and registration fees. Buyers should ensure that they are prepared for these costs based on the guideline value applicable to the property in question.

Frequently asked questions

What is the current guideline value of N.G.O. Colony 3 Rd Street (Vadapalani)?

The current guideline value of N.G.O. Colony 3 Rd Street (Vadapalani) is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, with significant increases in each revision year.

What is the land classification for N.G.O. Colony 3 Rd Street (Vadapalani)?

The land classification for N.G.O. Colony 3 Rd Street (Vadapalani) is Residential Class III 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 stamp duty calculated for properties in N.G.O. Colony 3 Rd Street (Vadapalani)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at 7%.