Guideline Value

Corporate

Guideline Value for N.G.O. Colony 4th Cross Street

₹3850/sq.ft.

The guideline value for N.g.o. Colony 4th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 4th Cross Street

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N.G.O. Colony 4th Cross Street guideline value

The current guideline value of N.G.O. Colony 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of N.G.O. Colony 4th Cross Street has changed

The guideline value for N.G.O. Colony 4th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, when the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a 133% rise. However, in the following revision in 2017, the value decreased to Rs 2,345 per sq.ft, representing a decline of 33%. The most recent revision in 2024 saw a substantial increase to Rs 3,850 per sq.ft, which is a 64% rise from the 2017 figure. There are no figures available for the years 2002, 2003, and 2023 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 157%. This shows the fluctuations in the valuation over the years, reflecting changes in the local real estate landscape.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of N.G.O. Colony 4th Cross Street is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 details.

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

The Sub Registrar Office that covers N.G.O. Colony 4th Cross Street is 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 critical factor during property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value as recognized in the market.

Frequently asked questions

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

The current guideline value of N.G.O. Colony 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 157% over the years.

What is the land classification for N.G.O. Colony 4th Cross Street?

The land classification for N.G.O. Colony 4th Cross Street is Residential Class II Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for N.G.O. Colony 4th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in N.G.O. Colony 4th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.