Guideline Value for N.G.O. Colony IIIrd Street

N.G.O. Colony IIIrd Street guideline value

The current guideline value of N.G.O. Colony IIIrd Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for N.G.O. Colony IIIrd Street has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. In the subsequent 2023 revision, the value remained unchanged at Rs 1,200 per sq.ft, which also holds true for the 2024 revision, indicating no change from the previous year. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the stability in the value over the last two revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing N.G.O. Colony IIIrd Street's value above this median.

• N.G.O. Colony IInd street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. colony: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• New Ramanujar Nagar: Rs 1,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers N.G.O. Colony IIIrd Street?

The Sub Registrar Office covering N.G.O. Colony IIIrd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of N.G.O. Colony IIIrd Street?

The current guideline value of N.G.O. Colony IIIrd Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

Which Sub Registrar Office should I visit for transactions in N.G.O. Colony IIIrd Street?

The Sriperumpudur Sub Registrar Office is responsible for transactions in N.G.O. Colony IIIrd Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft incurs a total of Rs 1,08,000 in fees.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property transactions, which influences the stamp duty and registration fees. It ensures that all property transactions are recorded accurately in official records.