Guideline Value

Corporate

Guideline Value for N.G.O. Colony 2nd Main Road

₹4400/sq.ft.

The guideline value for N.g.o. Colony 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

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N.G.O. Colony 2nd Main Road guideline value

The current guideline value of N.G.O. Colony 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Velachery village under the Velacheri SRO and falls under the Residential Class II Type - II land classification.

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

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017. The latest revision in 2024 has raised the value to Rs 4,400 per sq.ft, marking a 64% increase from 2017. Overall, from 2007 to 2024, the guideline value has increased by 193%.

There are no figures available for the revisions in 2023, 2003, and 2002 for this street. The 2012 revision saw a decrease of 33% from the previous figure, while the 2007 to 2012 period experienced a substantial increase of 167%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value. The values range from Rs 3,300 to Rs 13,200 per sq.ft, with the median being Rs 4,400 per sq.ft. The guideline value for N.G.O. Colony 2nd Main Road aligns with this median.

Stamp duty and registration fee for property in N.G.O. Colony 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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?

The N.G.O. Colony 2nd Main Road is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring transparency in property dealings.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property accurately.

Frequently asked questions

What is the current guideline value for N.G.O. Colony 2nd Main Road?

The current guideline value for N.G.O. Colony 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for N.G.O. Colony 2nd Main Road has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 193%.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What other streets have guideline values in Velachery?

Other streets in Velachery include N.G.O. Colony 2nd Cross Street, N.G.O. Colony 3rd Cross Street, N.G.O. Colony 1st Main Road, N.G.O. Colony 1st Cross Street, N.G.O. Colony 4th Cross Street, and N.G.O. Colony 5th Cross Street, with values ranging from Rs 3,850 to Rs 4,400 per sq.ft.