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Guideline Value

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Guideline Value for N.G.O. COLONY 4TH CROSS STREET (CHOOLAIMEDU)

₹5000/sq.ft.

The guideline value for N.g.o. Colony 4th Cross Street (choolaimedu) in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4600 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3082 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /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 4th Cross Street (choolaimedu)

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N.G.O. Colony 4th Cross Street (Choolaimedu) guideline value

The current guideline value of N.G.O. Colony 4th Cross Street (Choolaimedu) 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 4th Cross Street (Choolaimedu) has changed

The guideline value for N.G.O. Colony 4th Cross Street (Choolaimedu) has undergone several revisions over the years. Starting from Rs 1,200 per sq.ft in 2007, it increased significantly to Rs 4,600 per sq.ft in 2012. However, there was a decrease to Rs 3,082 per sq.ft in 2017. The value then rose to Rs 4,600 per sq.ft in 2023, before reaching the current figure of Rs 5,000 per sq.ft in 2024, marking a 9% increase from the previous year.

There are no guideline value figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 317%.

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 of N.G.O. Colony 4th Cross Street (Choolaimedu) is below this median.

Stamp duty and registration fee for property in N.G.O. Colony 4th Cross Street (Choolaimedu)

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 to Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers N.G.O. Colony 4th Cross Street (Choolaimedu)?

The Sub Registrar Office that covers N.G.O. Colony 4th Cross Street (Choolaimedu) is 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 plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government, ensuring that transactions are documented accurately.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in Puliyur.

Frequently asked questions

What is the current guideline value of N.G.O. Colony 4th Cross Street (Choolaimedu)?

The current guideline value of N.G.O. Colony 4th Cross Street (Choolaimedu) 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 1,200 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024. Notable changes include a decrease to Rs 3,082 per sq.ft in 2017 and an increase to Rs 4,600 per sq.ft in 2023.

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

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers N.G.O. Colony 4th Cross Street (Choolaimedu)?

The Kodambakkam Sub Registrar Office covers N.G.O. Colony 4th Cross Street (Choolaimedu). It is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the government receives appropriate revenue based on the higher of the guideline value or the sale price.