Guideline Value for N.G.O. COLONY EXTENSION

N.G.O. Colony Extension guideline value

The current guideline value for N.G.O. Colony Extension in Kumili village, under the Thiruporur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of N.G.O. Colony Extension has changed

Looking at the revisions, the guideline value for N.G.O. Colony Extension has seen several changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision showed a decrease to Rs 167 per sq.ft, marking a -33% change from 2012. However, from 2017 to 2023, there was a significant increase of 50%, bringing it back to Rs 250 per sq.ft.

The latest revision in 2024 maintains the value at Rs 250 per sq.ft, showing no change from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kumili

Kumili village has a total of 21 streets under the Thiruporur SRO, with guideline values for 2024 ranging from Rs 200 to Rs 1,800 per sq.ft. The median value in this area is Rs 400 per sq.ft, which means that the guideline value for N.G.O. Colony Extension is below this median.

• N.G.O. Colony: Rs 250 per sq.ft (2024)
• Rithivik Township Phase I, II, III, IV: Rs 1,493 per sq.ft (2024)
• Koushik Garden: Rs 1,800 per sq.ft (2024)
• Saastha Nagar: Rs 250 per sq.ft (2024)
• Kirthik Garden: Rs 400 per sq.ft (2024)
• Kirithik Garden Part -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in N.G.O. Colony Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.G.O. Colony Extension?

The N.G.O. Colony Extension falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kumili. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value for N.G.O. Colony Extension?

The current guideline value for N.G.O. Colony Extension is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023. The value remains unchanged in the 2024 revision.

What is the land classification for N.G.O. Colony Extension?

N.G.O. Colony Extension is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.

How is stamp duty calculated for property in N.G.O. Colony Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft would incur a total stamp duty and registration fee of Rs 22,500.